Asante Announces Receipt of Net Proceeds From C$237M Equity Offering, Completion of Kinross Restructuring

VANCOUVER, British Columbia, Aug. 12, 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 satisfied the conditions to first draw down under such definitive agreements, resulting in the satisfaction by the Company of the escrow release conditions relating to the bought deal private placement of 163,300,000 subscription receipts of the Company (the “Subscription Receipts”) at a price of C$1.45 per Subscription Receipt for aggregate gross proceeds of approximately C$237 million (“M”) which was completed on July 7, 2025 (the “Offering”). All amounts are in U.S. dollars unless otherwise indicated.