Asante Gold commences buying and selling on neighborhood bourse
BY: Emmanuel Bruce
Source: aveaonetv
Ekow Afedzie (left), Dr Sulemanu Koney (arrowed), joined via management participants of Asante Gold and GSE after the listing.
ASANTE Gold Corporation has commenced buying and selling at the neighborhood bourse after it received the final approval from the Securities and Exchange Commission (SEC) and the Ghana Stock Exchange (GSE).
The corporation is list by ‘Introduction’ considering the fact that it is already trading on the Canadian Stock Exchange.
Listing by using introduction is a way of listing stocks already in problem on any other change.
The organization is therefore providing its 315 million shares, worth GH¢8.87 per share to the Ghanaian public.
This brings the range of groups indexed at the GSE to 36.
Local participation
Speaking at the ceremony, the Chief Executive Officer of Asante Gold Corporation, Dave Anthony, stated the listing become to allow an entire new group of Ghanaian traders the opportunity to invest in the boom in their very own local gold mining industry.
He stated the company had been exploring for gold in Ghana on account that 2012 and running at several sites, which include Kubi, Betenase and Fahiakoba, southwest of Kumasi.
“Following a strategic evaluation performed in March 2021, our imaginative and prescient was modified to grow to be a Tier -1 mining employer in West Africa, with Ghana as our essential base of operation,” he said.
New version
The Executive Vice President and Country Director of Asante Gold, Frederick Attakumah, for his part, stated the company represented a new version in the multinational mining space, characterized by means of full-size local ownership, for the true advantage and participation of residents of mineral-endowed African countries.
He stated the difficulty of local possession of mining entities were the crucial missing link for well over a century within the African mining enterprise.
“We are assured that this new model will ensure extra integration of mining investments with our neighborhood economies for anybody’s advantage.
“To this cease, and submit the enactment of the Minerals and Mining Regulations on Local Content and Local Participation (L.I. 2431) in October 2020, Asante Gold Corporation will become the first big-scale mining organization to be indexed at the GSE,” he stated.
He stated the enterprise was proudly an indigenous Ghanaian mining multinational, which has performed exponential growth on the Canadian Securities Exchange on a scale that only a few groups ought to handiest dream of.
“Today, and with a valuation in excess of CAD$500 million (or US$ 400 million), we're bringing this boom tune record, and opportunity, domestic to the GSE for the advantage of the good human beings of Ghana,” he stated.
The Managing Director of the Ghana Stock Exchange, Ekow Afedzi, expressed excitement and desire to apply the brand new neighborhood content material coverage to get extra gold companies to list on the stock exchange.
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