News: WAF West African Resources Says Co To Acquire 6.8Moz Kiaka Gold Project

Oct 26 (Reuters) - West African Resources Ltd (WAF) :

• WAF TO ACQUIRE 6.8MOZ KIAKA GOLD PROJECT
• EQUITY RAISING UP TO A$126.39M TO FUND ACQUISITION AND REPAY TAURUS DEBT
• TO ACQUIRE 90% OF KIAKA GOLD PROJECT FROM B2GOLD AND GAMS
• IS ALSO CONDUCTING A NON‐UNDERWRITTEN SHARE PURCHASE PLAN TO RAISE UP TO A$10.0M
• CONDUCTING A PLACEMENT TO RAISE UP TO A$126.39 AT A$1.25 PER SHARE
• DEAL FOR US$100M IN STAGED CASH AND SHARE PAYMENTS