01:20 PM EDT, 08/14/2025 (MT Newswires) -- Asante Gold ( ASGOF ) were last seen down 3.1% after the company on Thursday arranged a financing package for development and growth expenditures at the Bibiani and Chirano mines in Ghana.

The companyu said the package includes a US$125 million mezzanine subordinated debt facility, US$50 million from the a gold stream financing, and US$10 million from the non-brokered private placement of 9.48-million shares to certain funds advised by Appian Capital Advisory Limited.

The company also made a first US$5M utilization of the senior debt facility, and the first stage of funding of approximately $350 million under the financing package has been completed. A second drawdown of the remaining US$145 million capacity is expected to close by the end of August.

Asante shares were last seen down $0.05 to $1.58 on the Canadian Securities Exchange.

Price: 1.58, Change: -0.05, Percent Change: -3.07