West Africa

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West African gold explorer completes Can$81.25 million equity offering

Michael Allan McCrae | November 2, 2011
Ivory Coast (Cote d'Ivoire), vector map

Perseus Mining (TSE:PRU), a West African gold explorer and miner, completed a Can$81.25 million equity offering.

The offering, 25 million ordinary shares at Can$3.25 each, was underwritten by a syndicate of underwriters co-led by Clarus Securities Inc., Dundee Securities Ltd. and CIBC World Markets Inc.

Funds will be used to develop the Sissingue gold deposit at the Tengréla Gold project, as well as for general corporate purposes.

  • Azumah strengthens Australian links in Ghana

    Mineweb | May 31, 2011
    Gold panning mining

    Azumah Resources Ltd (ASX: AZM) said today it has secured an 11% stake in Castle Minerals Ltd (ASX: CDT) through a holding of 11.081 million shares.

    Azumah's managing director Stephen Stone said the company viewed the holding as a strategic investment that would increase Azumah's options should any of the growing market-based speculation about consolidation in the West African gold sector unfold.

  • West African iron-ore miner completes US$133 million placement

    Michael Allan McCrae | March 2, 2011
    Excavator titling up mining

    Bellzone Mining announced on Tuesday that it had completed a US$133 million placement of 102 million ordinary shares. Canaccord Genuity Limited was the lead manager.

    Bellzone, an AIM-listed company, is developing two iron ore and nickel/copper assets in Guinea, West Africa. The Kalia iron deposit, a 50mtpa iron ore operation, is the company's flagship project.

  • Semafo Facing an African Gold Take-Away?

    Lawrence Williams | September 1, 2010

    Perhaps one of the many problems facing mining companies in developing nations is that the locals – or at least some local politicians – often have little idea of the economics of bringing a mine to production. Even if this …

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