West African Receives Strong Interest from Leading International Debt Financiers for Sanbrado


West African Receives Strong Interest from Leading International Debt Financiers for Sanbrado

Scarborough, Australia (FSCwire) – Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to provide an update regarding the project debt finance process as it moves into the development phase for its 90%-owned Sanbrado Gold Project (‘Sanbrado’) in Burkina Faso.
 

The Company recently requested debt funding proposals from a selection of international resource financiers for the construction of Sanbrado. The Company received strong interest from 14 tier one financiers, with competitive non-binding offers ranging from US$160m to US$215m.

 

The Company is in the process of selecting a short list of preferred financiers and moving to the second stage of the debt financing…

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