West African secures $4.4m for Sartenga

West African Resources has completed a $4.4 million share placement to fund exploratory drilling at its Sartenga gold deposit in Burkina Faso.

The placement, which was taken up by technically focused institutional investors and high net worth individuals, was priced at 20 cents per share.

West African said the funds would be used to commence drilling out Sartenga, which is part of the Boulsa gold project, initially using large contractor diamond rigs, then moving on to company owned air core RC and diamond rigs.


(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

Sign up here for free access to 8 articles per month + twice daily business email alerts.

Thanks! This question prevents spammers...
Enter the characters shown in the image.

Add your comment

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 30/09/16

1 year TSR5 year TSR
32ndWest African Resources438%4%
385thWindimurra Vanadium20%-64%
647thWalkabout Resources-33%-35%
774 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$0 Issued
$0 Issued
$0 Other
Total value as at the date of the transaction
Source: Morningstar


490th↑Walkabout Resources$0
491st↓West African Resources$0
493rd↓Windimurra Vanadium$0
519 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from West African Resources

530thRichard Hyde$296k
1595thSimon Storm$45k
Ranked by total remuneration from all listed WA companies

BNiQ Disclaimer