Burkina Faso: Golden Rim Resources raises funds to finance drilling program at Kouri
Thursday, 14 September 2017 18:07
Golden Rim Resources, which is active on the Kouri gold project in Burkina Faso, has raised $1.27 million via a rights issue. The money will be used to fund drilling program at the firm’s flagship project, as Golden Rim intends to convert the JORC exploration target to a maiden resource by the end of this year.
“We are pleased with the results of the rights issue and the support we have received from our existing shareholders. Arrangements are being made to commence our drilling program at Golden Rim Resources' flagship project, the Kouri gold project in Burkina Faso, as soon as possible,” said Golden Rim Resources MD, Craig Mackay.
Golden Rim owns 100% of the Kouri project in Burkina Faso as well as the Babonga gold project whose permit it recently renewed for three years.
Louis-Nino Kansoun
Live News
-
World Bank Grants $35 Million to Improve Rural Water Access in Djibouti
19:33
-
African cotton producers meet in Lomé to tackle productivity challenges
18:41
-
Private Initiative Trains Over 1,000 African Youth in AI Skills
18:39
-
Cameroon Suspends Fuel Shipments From Importers Over Payment Disputes
18:18
-
Ghana Plans to Cut Telecom Access for Mobile Money Fraud Offenders
18:16
-
DRC Undergoes ICAO Security Audit at Key Airports as It Seeks to Lift Flight Restrictions
18:11
-
Cemac Seeks to Bring Informal Cross-Border Trade Into Official Data
16:45
-
In Bertoua, a Little-Known French Firm Eyes Entry Into Energy Projects
16:05
-
Côte d’Ivoire Launches EMY 101 AI Chatbot for Public Services
15:54
-
Happy Pay Founder Wesley Billett Promotes Interest-Free Installment Payments
15:46
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
ECOWAS is proposing a regional digital platform for passengers to file and track complaints online...
World Bank announces $137 million to boost West Africa digital economy Program expands broad...
Djibouti receives a $35 million grant to expand rural access to drinking water The project will benefit over 120,000 people and strengthen...
DeAfrica is training 1,068 participants from 45 African countries in AI The program aims to prepare youth for a fast-evolving AI-driven economy The...
Ghana will block telecom access for users linked to mobile money fraud The measure relies on the national ID system used for SIM...
ICAO is auditing aviation security in Kinshasa and Lubumbashi from March 18–30 The review is key to improving compliance and restoring...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...