Asante Gold Corp (CVE:ASE) unveiled plans for an exploration campaign and working capital private placing to raise $500,000 gross.
The firm says it will issue up to 5mln units at 10 cents each.
Each unit will consist of one company share and one transferrable share purchase warrant.
Each warrant will entitle the holder to purchase a further share for 15 cents for 12 months from the closing date of the private placing.
All securities purchased under the offering will be subject to a four month and one day hold period.
Asante is developing the Kubi mining lease and exploring the Keyhole, Fahiakoba and Betenase concessions, all adjoining or along strike of major gold mines near the centre of Ghana's golden triangle.