Scarborough , Australia (FSCwire) - West African Resources (ASX, TSXV: WAF) is pleased to announce it has repaid the US$5m loan facility to the Metals & Energy Capital Division of Macquarie Bank Limited (Macquarie) ahead of its maturity date on 30 September 2016.
The repayment was made following the completion of the A$21 million capital raising announced on 10 August 2016.
The company’s cash balance is currently A$23 million.
The US$5 million facility, which the company entered into in December 2014, provided funding to complete the Feasibility Study for the Mankarga 5 Heap Leach Gold Project in Burkina Faso.
For further information, contact:
Richard Hyde Nathan Ryan
Managing Director Investor Relations
Ph: 08 9481 7344 Ph: 0420 582 887
Email: info@westafricanresources.com
TSX-V
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/westafrican08252016.pdfSource: West African Resources Ltd (TSX Venture:WAF)
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