Asante Gold Corporation announced a best effort brokered private placement of up to 37,244,444 common shares at a price of CAD 1.80 per common shares for gross proceeds of up to CAD 67,040,000 on January 23, 2023. All securities to be issued in the transaction will be subject to a 4 month hold period. The transaction is subject to receipt of all required regulatory approvals.

The transaction is expected to close on or around February 9, 2023