Business · Companies · 6 hrs ago
Asante Gold gets more time to secure at least US$100 million
Asante Gold’s financing partners extended waivers tied to the company’s financing arrangements.
The partners include its senior lenders, a mezzanine lender, a stream purchaser and a hedge counterparty.
The company must secure at least US$100 million in new funding under terms disclosed earlier.
It had been required to obtain the money by October 31, 2026.
The new deadline is November 30, 2026, after the partners agreed to extend the waiver arrangements.
Asante says it is evaluating funding options with its financing partners.
The update does not say which option it will choose or whether the funding is secured.
Asante Gold has received more time to secure at least US$100 million in new funding.
Its senior lenders, stream purchaser and hedge counterparty extended waivers related to its financing arrangements.
The deadline to complete the funding was extended from October 31 to November 30, 2026.
The company said it is evaluating funding alternatives with its financing partners.
- Who
- Asante Gold Corporation, its senior lenders, stream purchaser and hedge counterparty.
- What
- The financing partners extended waivers to give Asante more time to secure at least US$100 million in new funding.
- When
- The previous deadline was October 31, 2026; the extension runs to November 30, 2026.
- Where
- Not stated.
- Why
- Asante was required to secure aggregate new funding of at least US$100 million.
This story does not have two clearly opposing sides.
Asante’s original deadline to secure at least US$100 million in new funding.
Asante announced that its financing partners extended the waiver arrangements.
The extended deadline to complete the funding.
- Funding target
- At least US$100 million
- Original deadline
- October 31, 2026
- Extended deadline
- November 30, 2026
- Company
- Asante Gold Corporation
1 source
What people are saying
The Company is evaluating a number of funding alternatives with its financing partners to secure and optimize the Funding by November 30, 2026.