(RTTNews) -  AngloGold Ashanti Ltd. (AU: News ) said Friday that it has acquired, through its subsidiary, Ashanti Goldfields Services Ltd., 10 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 C$0.24 per share until November 17, 2011.

As a result of the acquisition of such units, Ashanti now owns about 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 consideration for the shares, Ashanti made a cash payment in the amount of C$1.2 million upon closing of the private placement.

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by RTT Staff Writer

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