ASG Financing

Asante Announces Receipt of Net Proceeds from $125M Mezzanine, $50M Stream, $10M Non-Brokered Private Placement Financings, $5M Senior Debt First Utilization

Published August 14, 2025 at 11:00 AM

VANCOUVER, British Columbia, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE: ASE | GSE: ASG | FRANKFURT:1A9 | OTCQX: ASGOF) (“Asante” or the “Company”) is pleased to announce that, further to its news release dated August 11, 2025 announcing the execution of definitive agreements relating to an approximately $500 million financing package (the “Financing Package”), the Company has closed and received the net proceeds from the subordinated debt facility in the gross amount of $125 million (“M”) (the “Mezzanine Facility”), the gold stream financing in the gross amount of $50M (the “Gold Stream”) and the non-brokered private placement of common shares in the capital of the Company (“Common Shares”) to certain funds advised by Appian Capital Advisory Limited (“Appian”) for gross proceeds of $10M (the “Non-Brokered Private Placement”). All amounts are in U.S. dollars unless otherwise indicated.

Related Questions

How will the $125M mezzanine debt issuance affect Asante's capital structure and leverage ratios? What is the expected dilution impact from the $10M non‑brokered private placement of common shares? What are the terms (interest rate, maturity, covenants) of the mezzanine facility and senior debt utilization? How will the $50M gold stream financing be allocated across Asante's mining projects? What is the anticipated use of proceeds from the $125M mezzanine, $50M stream, and $10M private placement? How does the $500M financing package compare to Asante's historical financing activity and to peers in the sector? Will the new financing improve Asante's ability to meet production targets and sustain cash flow in the near term? What is the market's reaction to the financing announcement and how might it influence short‑term share price volatility? Are there any redemption or conversion features in the mezzanine or senior debt that could affect future equity supply? How does the involvement of Appian Capital Advisory impact the pricing and distribution of the private placement?