November 23, 2009 (FinancialWire) — AngloGold Ashanti Ltd. (NYSE: AU) has acquired, through its wholly-owned subsidiary, Ashanti Goldfields Services ten million units in Commander Resources Inc. through a non-brokered private placement.

Each unit consists of one common share in the capital of Commander and one and a half of one common share purchase warrant, with each whole common share purchase warrant entitling Ashanti to purchase one additional common share at a price of Cdn$0.24 per share until November 17, 2011.

As a result of the acquisition of such units, Ashanti now owns approximately 11.1% of the total issued and outstanding shares of Commander, prior to the exercise of the warrants.

Ashanti was not previously a shareholder in Commander. In the event Ashanti exercises all of the warrants, Ashanti would own 15,000,000 common shares, representing approximately 14.7% of the then issued and outstanding common shares of Commander, on a fully diluted basis.

In consideration for these shares, Ashanti made a cash payment in the amount of Cdn$1,200,000 upon closing of the private placement.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.