Asanko Gold Inc. Buyback
OLI recorded this information on 11/12/2019
Asanko Gold Inc.
Share Amount Authorized:
Asanko Gold Inc. ("Asanko" or the "Company") (TSX, NYSE American: AKG) announced today that the Company has received approval from the Toronto Stock Exchange (the "TSX") to commence a normal course issuer bid (the "NCIB") on November 15, 2019 to purchase up to 11,310,386 common shares, representing 5% of Asanko's issued and outstanding common shares (226,207,730 common shares) on the date hereof. Purchases pursuant to the NCIB will be made on the open market through the facilities of the TSX and the NYSE American Stock Exchange ("NYSE American") and other alternative trading systems in Canada and the United States.
Asanko Gold is a natural resource company engaged in the acquisition and exploration of mineral resources in West Ghana. The recoverability of amounts shown for resource properties and deferred exploration costs and Co.'s ability to continue as a going concern is dependent upon the discovery of economically recoverable reserves, continuation of Co.'s interest in the underlying resource claims, the ability of Co. to obtain necessary financing to complete their development and upon future profitable production or proceeds from the disposition thereof.
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Buy (3.25 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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