West African raises $21m to accelerate Tanlouka project

ASX-listed West African Resources on Wednesday said it has received commitments for a $21-million raising for the continuing development of its Tanlouka gold project, in Burkina Faso. The funds, raised through the placement of 70-million shares at a price of A$0.30 apiece, allowed further resource and exploration drilling at the project, as well as the fourth-quarter completion of a definitive feasibility study (DFS).