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Ashanti Gold and Desert Gold Announce Binding Letter of Intent for the Acquisition of Ashanti Gold by Desert Gold

Mar 11, 2019 - GlobeNewswire
Board and Executive Moves-Mergers and Acquisitions

VANCOUVER, British Columbia, March 11, 2019 (GLOBE NEWSWIRE) -- Ashanti Gold Corp. ("Ashanti" or the "Company") - (TSXV: AGZ) and Desert Gold Ventures Inc. (TSXV: DAU) ("Desert Gold") are pleased to announce they have entered into a binding letter of intent (the "LOI") contemplating the acquisition by Desert Gold of all of the outstanding common shares of Ashanti (the "Ashanti Shares"), (the "Proposed Transaction"). The Proposed Transaction, upon completion, will allow Ashanti shareholders to ...