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Former Northwest Territorial Mint executives guilty in $25 million Ponzi scheme

Section: Daily Dispatches

By Chase Hutchinson
Tacoma (Washington) News Tribune
Saturday, July 31, 2021

The former president and CEO of a precious metals firm based in Federal Way and Auburn was convicted Friday of mail and wire fraud in what the Justice Department is calling a "Ponzi-type scheme."

In a release, federal officials said Bernard Ross Hansen, 60, was convicted of multiple counts of wire and mail fraud that defrauded more than 2,500 customers of $25 million. Also convicted was 48-year-old vault manager Diane Renee Erdmann.

... Dispatch continues below ...

Asante Gold Announces Acquisition of Resolute's Bibiani Gold Mine in Ghana for US$90 Million

Company Announcement
via Globe Newswire, Omaha, Nebraska
Wednesday, August 4, 2021

VANCOUVER, British Columbia, Canada -- Asante Gold Corp (CSE:ASE / Frankfurt: 1A9 / U.S. OTC:ASGOF) announces that it has entered into an agreement with Resolute Mining Ltd. to purchase 100% of the Bibiani Gold Mine in Ghana.

Asante has agreed to buy all of Resolute's interest in Bibiani, through the purchase of 100% of the shares in Mensin Bibiani Pty Ltd., by paying to Resolute total cash consideration of US$90 million ...

The agreement has received ministerial consent, having been approved by the Ghanaian minister of lands and natural resources, with completion expected 10 days after the date of this announcement (subject only to no material adverse change over this period). ...

To fund the initial payment, start-up, and working capital, Asante has accepted subscription receipts from accredited investors for C$80 million, which on completion will convert to 118,857,143 Asante common shares at C$0.70 per share. A finder's fee of 4% of the total subscription receipts is payable in shares. No new control blocks will be created as a result of this financing. ...

... For the remainder of the announcement:

Sentencing is scheduled for October 29. The duo could face up to 20 years in prison for each count of the conviction.

The company, Northwest Territorial Mint, had offices in both Federal Way and Auburn. It declared bankruptcy in April of 2016. ...

... For the remainder of the report:

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