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Ashanti Purchase of Shares.


NEW YORK--(BUSINESS WIRE)--Aug. 11, 1998--Ashanti Goldfields n. 1. A small slender woolly annual (Lasthenia chrysostoma) with very narrow opposite leaves and branches bearing solitary golden-yellow flower heads; it grows from Southwestern Oregon to Baja California and Arizona; - it is often cultivated.  Company Limited announces that it has acquired through market purchases ordinary shares or securities representing ordinary shares ("shares") as shown below:


Date           Number       Price Paid(a)        Shares
Purchased      Purchased    Lowest/Highest       Purchased
                                                 To Date

10 Aug. 1998   282,500      $ 7.1875/7.40        282,500

The shares which have been acquired will not be cancelled but will be
held as treasury shares for possible re-issue at the Board's
discretion.

(a) If more than one purchase.  Otherwise just price paid.


    CONTACT:  Ashanti Goldfields Company Limited
               Mark Keatley, (233) 21 778171
               Ernest Abankroh, (233) 21 761306
               James Anaman, (233) 21 778178
                             or
               Issued by:
               Shandwick, London
               John Goold, (44)171 329 0096
                             or
               Golin/Harris, New York
               Allan Jordan, 212/309-0613
                             or
               Allan Reynolds, Toronto
               416/964-6444
                             or
               Terence Maher, Melbourne
               (61) 3 9209 9333


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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Article Type:Article
Geographic Code:1USA
Date:Aug 11, 1998
Words:141
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