Asante Gold Corporation (CNSX:ASE) acquired Kubi Mining Leases and Eight Prospecting Licenses in Ghana of Goknet Mining Company Limited for ZAR 20.2 million on December 28, 2016. As consideration, for Kubi Mining Leases, Asante issued 7 million shares and reserving for future delivery to Goknet a total of 8,000 ounces of gold, and thereafter reserving for Goknet a 2% Net Smelter Return Royalty. For Eight Prospecting Licenses, Asante will issue up to a maximum of 3 million shares and Goknet will retain a 2% Net Smelter Return royalty on each license. Transaction is subject to receipt of governmental approvals. Transaction has been approved by the shareholders of Asante. The acquisition was negotiated and approved by a Special Committee of the Directors of Asante. Asante Gold Corporation (CNSX:ASE) completed the acquisition of Kubi Mining Leases and Eight Prospecting Licenses in Ghana of Goknet Mining Company Limited on December 28, 2016.