Ashanti announces completion of legal due diligence.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)--April 17, 1996--Ashanti Goldfields Company Ltd. ("Ashanti") of Ghana today announced that the proposed plan of arrangement involving International Gold Resources Corp. ("IGRC") is no longer subject to a condition relating to confirmatory legal due diligence. The transaction remains subject to a number of conditions including the receipt of all necessary regulatory, governmental, shareholder and judicial approvals and the approval of Ashanti's and IGRC's board of directors. Ashanti's shares or GDSs are listed on the Ghana Stock Exchange The Ghana Stock Exchange (GSE) is the principal stock exchange of Ghana. The exchange was incorporated in July 1989 with trading commencing in 1990. It currently has around 30 listed companies and 2 corporate bonds. All types of securities can be listed. , the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. , the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (symbol: ASL) and the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (symbol: AHD.U). IGRC is a Canadian public company whose shares are listed on the Toronto Stock Exchange (symbol: IGC). CONTACT: Mark Keatley Chief Financial Officer Ashanti Goldfields Company Limited (233) 21 776 501 or John Clarke Executive Director -- Strategic Planning Ashanti Goldfields Company Limited (233) 21 777 075 or James Anaman Corporate Affairs Manager Ashanti Goldfields Company Limited (233) 21 778 178 or Allan Jordan Golin/Harris (New York) (212) 309 0613 or Allan Reynolds Continental Communications (Toronto) (416) 964 6444 or John Goold Shandwick Consultants (London) (44) 171 329 0096 |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion