NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of Asanko Gold Inc. (NYSEMKT: AKG) concerning possible violations of federal securities laws.
On May 31, 2017, the investment research firm Muddy Waters, LLC published a report on Asanko asserting that: (1) Asanko made investments based on flawed geology in Ghana’s Nkran, Esaase mines that Muddy Waters believes “will never be recovered;” (2) Nkran is already experiencing a serious collapse of its west wall requiring a $75 – $115 million spend to keep mining, which is likely to cause Asanko to run out of liquidity in 2018; and (3) there are indications that some of Asanko’s resources models have been “smeared,” which would cause estimates of their ore contents to be inflated. To obtain additional information, go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.