From GlobeNewswire: 2025-06-17 18:48:00

Asante Gold Corporation has secured $470 million in credit and equity commitments, including $175 million from Appian Capital Advisory LLP and $170 million from FirstRand Bank Limited. The company is also in the process of finalizing a financing package that includes senior debt, subordinated debt, and a gold stream financing. This comprehensive solution will fully fund Asante’s growth plans and clear short-term liabilities, with the goal of reaching over 500,000 ounces of gold production per year by 2028. The company is also set to list its common shares on the TSX Venture Exchange, providing added liquidity and exposure to investors.

The Senior Debt Facility for Asante Gold Corporation is set at $150 million, with a term loan and revolving credit facility. RMB and Appian have provided core credit commitments, with additional support for a downside price protection program and environmental guarantee. The Subordinated Debt Facility, up to $125 million, will provide extra flexibility for the company. Appian will also offer a Gold Stream of $50 million for the Bibiani and Chirano mines. Additionally, a settlement agreement with Kinross Gold Corporation will be part of the company’s restructuring efforts.

Completion of the Financing Package, the Kinross Agreement, and the Security Package is subject to various conditions, including regulatory approvals and definitive documentation. Asante Gold Corporation has received conditional acceptance for the listing of its common shares on the TSX-V, expected to be finalized in August 2025. The company’s focus on exploration, development, and operations in Ghana is supported by a strong team and a commitment to achieving its growth targets.



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