JOHANNESBURG (miningweekly.com) – ASX-listed West African Resources said on Friday it had repaid a $5-million loan to Macquarie Bank ahead of its maturity date on September 30.
The repayment was made following the completion of a A$21-million capital raising, announced earlier this month.
The $5-million facility, which West African Resources entered into in December 2014, provided funding to complete the feasibility study for the Mankarga 5 heap-leach gold project, in Burkina Faso.
West African Resources has a cash balance of A$23-million.