10:31 AM EST - West African Resources Limited : Announced the following financing package for the development of its Sanbrado Gold Project in Burkina Faso (Sanbrado) Credit approved $200-million U.S. (A$278-million) finance facility (the Debt Facility) with Taurus Funds Management Pty Ltd (Taurus). Key terms of the Debt Facility include competitive interest rates, no hedging requirement, early repayment flexibility and an ability to distribute and use free cash; provides West African with a highly flexible financing package. The Company is conducting a fully underwritten institutional placement to raise approximately A$43.17 million (Placement). The Placement comprises a single tranche with the issue of 172.7 million new ordinary West African shares and is underwritten at a price of A$0.25 per share (Offer Price). West African Resources Limited
shares V.WAF are trading unchanged at $0.27.
