Correction to Pricing on One Year Extension to Expiry Date of Warrants
VANCOUVER, Oct. 16, 2018 - Asante Gold Corp. (CSE:ASE/ FRANKFURT:1A9/OTC:ASGOF) (“Asante Gold” or the “Company”) wishes to correct its previous announcement that the Company has extended the expiry date of 1,160,821 share purchase warrants for an additional year. All warrants, including warrant series US-WA-2016-OCT 2016 – W005, 006 are exerciseable at the original strike price of $0.25 not $0.15 as reported. All the other terms and exercise conditions of the warrants remain the same as issued. | WARRANT SERIES NUMBER | NUMBER OF WARRANTS IN SERIES | EXERCISE PRICE (unchanged) | ORIGINAL EXPIRY DATE | NEW EXPIRY DATE |
| Oct 2016-W-001 to 004; 007 | 962,655 | $0.25 | 20 OCT 2018 | 20 OCT 2019 |
| Oct 2016-AW-001, 002 | 98,166 | $0.25 | 20 OCT 2018 | 20 OCT 2019 |
| US-WA-2016-OCT 2016 – W005, 006 | 100,000 | $0.25 | 20 OCT 2018 | 20 OCT 2019 |
On behalf of the Board
"Douglas R. MacQuarrie"
President and CEO
For further information please contact:
Douglas MacQuarrie, President and CEO, tel: +1 604-558-1134; E-mail: douglas@asantegold.com
Doreen Kent, Shareholder Communications, tel: +1 604-948-9450; E-mail: d.kent@eastlink.ca
Florian Riedl-Riedenstein, Director; European Investor Relations, E-mail: frram@aon.net
Valentina Gvozdeva, Business Development, E-mail: valentina@asantegold.com
Additional information is available on our web site at: www.asantegold.com
LEI Number: 529900F9PV1G9S5YD446
Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.
SHARES ISSUED: 57,160,221
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES