A lawsuit was filed on behalf of investors in Asanko Gold Inc (NYSEMKT:AKG) shares over alleged securities laws violations.

San Diego, CA -- (SBWire) -- 06/19/2017 --An investor in shares of Asanko Gold Inc (NYSEMKT:AKG) filed a lawsuit against Asanko Gold Inc over alleged violations of Federal Securities Laws.

Investors who purchased shares of Asanko Gold Inc (NYSEMKT:AKG) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

According to the complaint the plaintiff alleges on behalf of purchasers of Asanko Gold Inc (NYSEMKT:AKG) common shares between October 24, 2014 through May 31, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between October 24, 2014 through May 31, 2017, the defendants made false and/or misleading statements and/or failed to disclose that Asanko Gold's Mineral Resource Estimates are flawed, that some of Asanko Gold's resources models exhibit signs that they have been "smeared," which would cause estimates of their ore contents to be inflated, and that as a result, Asanko Gold's public statements were materially false and misleading at all relevant times.

Canada based Asanko Gold Inc. is a gold producer that has operations in the Republic of Ghana. Shares of Asanko Gold Inc (NYSEMKT:AKG) grew in 20016 to as high as $4.57 per share in August 2016.

On May 31, 2017, a report was published on Asanko Gold Inc asserting, among other things, that Asanko Gold Inc made investments based on flawed geology in Nkran, its satellite pits and Esaase that Muddy Waters believes "will never be recovered", and that there are indicia that some of Asanko Gold's resources models have been "smeared", which would cause estimates of their ore contents to be inflated.

Shares of Asanko Gold Inc (NYSEMKT:AKG) declined on May 31, 2017 to as low as $1.28 per share.

Those who purchased shares of Asanko Gold Inc have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com