We have received firm commitments from institutional and sophisticated investors for a placement of ~109.5 million new fully paid ordinary shares at an issue price of A$1.37 per share to raise ~A$150m (before costs). There was strong support from both domestic and offshore institutions for the Placement. Our Executive Chairman and CEO Richard Hyde commented: “West African continues to make significant progress towards development of the Kiaka Gold Project with development 50% complete and 75% of capital costs fixed. "Proceeds from the placement are expected to provide West African with proforma cash at bank and unsold bullion proceeds of A$604m, positioning West African to continue to rapidly progress the development of the Kiaka Gold Project. West African is currently on schedule to be a +420,000 ozpa gold producer from 2025.” Read the full ASX release here: https://loom.ly/yCRc_wM
Félix NANEMA
1mo
Impressive growth!
Ian Cooper
1mo
Keep growing!
Great news!
Nanyang Aquarius - 外贸销售经理
1moImpressive growth!