AngloGold Ashanti Ltd. (NYSE: AU) has acquired 10,000,000 units in Commander Resources Inc. through a non-brokered private placement. The company acquired the units through their wholly-owned subsidiary, Ashanti Goldfields Services Ltd. Each Unit will consist of one common share of Commander and one and a half of one common share purchase warrant. For each whole common share purchase warrant Ashanti will be able to purchase one additional common share for Cdn$0.24 per share.
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Following this acquisition Ashanti will own about 11.1% of the total issued and outstanding shares of Commander. For the acquired shares, Ashanti made a payment of Cdn$1,200,000 upon closing of the private placement.
AngloGold Ashanti Limited (AngloGold Ashanti) is a global producer of gold. AngloGold Ashanti has 21 operations and a number of exploration programs in gold-producing regions of the world. During the year ended December 31, 2008, the Company produced 4.98 million ounces of gold from its operations. AngloGold Ashanti’s main product is gold. Revenue is also derived from the sales of silver, uranium oxide and sulfuric acid.
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