Ashanti Secures Shareholders' Approval for Geita Sale.Business Editors ACCRA Accra (əkrä`, ăk`rə), city (1984 pop. 867,459), capital of Ghana, a port on the Gulf of Guinea. It is Ghana's largest city and its administrative, communications, and economic center. , Ghana--(BUSINESS WIRE)--Nov. 27, 2000 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 ("Ashanti" or the "Company") (NYSE NYSE See: New York Stock Exchange :ASL ASL - Algebraic Specification Language )(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :AHD AHD Ahead AHD American Heritage Dictionary AHD Australian Height Datum AHD Arrowhead AHD Airhead AHD Academic Honors Diploma AHD Alveolar Hydatid Disease AHD Advanced Help Desk AHD Atherosclerotic Heart Disease .U) announces that it has secured the approval of its shareholders, at an Extraordinary General Meeting held at Obuasi, Ghana, on Nov. 27, 2000, for the sale of a 50% interest in its Geita gold mine in Tanzania to AngloGold Limited ("AngloGold") and for the parties to enter into a joint venture to jointly operate and manage the Geita Project (together the "Transaction"). Ashanti and AngloGold jointly announced their agreement to enter into the Transaction on June 26, 2000 subject to, inter alia, the approval of Ashanti's banks and of its shareholders. The approval of Ashanti's banks was announced on Oct. 24, 2000 subject to certain conditions precedent including the consent of the Company's shareholders. It is expected that the Transaction will be completed in the near future when a further announcement will be made. Certain of the statements made in this announcement are forward-looking in nature. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. These factors include, but are not limited to, statements made elsewhere in this announcement. In addition, risk factors relating to Ashanti can be found in its public SEC filings. Ashanti undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise. Any statements should be evaluated in light of these factors. A copy of this release is available at http://www.ashantigold.com/releases.htm |
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