SUN VALLEY, Idaho, June 13, 2019 (GLOBE NEWSWIRE) -- Sun Valley Gold LLC (“Sun Valley”) announced today that it has acquired control and direction over an aggregate of 377,193 common shares (“Common Shares”) of Asanko Gold Inc. (“Asanko”) for and on behalf of client accounts over which it has discretionary trading authority. Of the 377,193 Common Shares over which Sun Valley acquired control and direction, 250,693 were acquired over the facilities of NYSE-American for a purchase price of US$0.5745 per share and 126,500 were acquired over the facilities of the Toronto Stock Exchange for a purchase price of CDN$0.7798.
Following the acquisition, Sun Valley exercises control and direction over an aggregate of 22,699,754 Common Shares for and on behalf of client accounts. The 22,699,754 Common Shares over which Sun Valley exercises control and direction represent approximately 10.05% of the issued and outstanding Common Shares.
The securities of Asanko were acquired for investment purposes. Sun Valley may increase or decrease its ownership of securities of Asanko depending upon future market conditions.
FOR FURTHER INFORMATION, OR TO OBTAIN A COPY OF THE EARLY WARNING REPORT FILED BY SUN VALLEY UNDER APPLICABLE SECURITIES LEGISLATION, PLEASE SEE THE CONTACT INFORMATION BELOW:
Linda J. Kish,
Chief Legal Officer, Sun Valley Gold LLC
Tel: (208) 726-2399
Fax: (208) 726-0842