DESERT GOLD VENTURES INC ("DAU")
[formerly ASHANTI GOLD CORP. ("AGZ") and DESERT GOLD VENTURES INC ("DAU")]
BULLETIN TYPE: Amalgamation, Delist
BULLETIN DATE: September 30, 2019
TSX Venture Tier 2 Company
Effective at the close of business, Wednesday, October 2, 2019, the common shares of Ashanti Gold Corp. ("Ashanti") will be delisted from TSX Venture Exchange. The delisting of the Company's shares results from a business combination between Ashanti and Desert Gold Ventures Inc. - a TSXV listed company ("Desert"), pursuant to a three-cornered amalgamation under the Business Corporations Act (British Columbia).
Under terms of the amalgamation, Ashanti will amalgamate with Desert's newly formed BC incorporated subsidiary ("Subco") and Ashanti shareholders (other than Subco) will receive 0.2857 of Desert shares for each common share held. Ashanti will become a wholly owned subsidiary of Desert.
For further details, please refer to the Company's Information Circular dated April 12, 2019 and news releases dated March 11, 2019, April 1, 2019, May 14, 2019 and August 22, 2019.
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