asante gold corp on thursday said that it had received an unsolicited nonbinding and conditional expression of interest from fujairah holding llc the vancouver british columbiabased gold exploration and development company said the offer isnt in the best interest of asante gold or its shareholders but the board will review it nonetheless the proposed cash consideration in the expression of interest was 220 canadian dollars 163 a share asanted gold said fujairah currently owns 1143 of asantes outstanding shares the gold miner said and is interested in acquiring the rest asantes board of directors has determined that the expression of interest is highly conditional and fails to address asantes nearterm financing requirements the company said the conditions include satisfactory due diligence during a lengthy exclusivity period negotiation of a definitive agreement and receipt of all required regulatory and shareholder approvals asante gold said asante said it has no indication as to whether fuhairah intends to submit another proposal or otherwise attempt to acquire the companys shares