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Semafo's strategic investment propels Compass

West Africa-focused gold producer Semafo (TSX: SMF) has moved to back Compass Gold (TSXV: CVB) as the junior steps up exploration at its flagship Sikasso project in Mali.

Semafo's strategic investment propels Compass Semafo's strategic investment propels Compass Semafo's strategic investment propels Compass Semafo's strategic investment propels Compass Semafo's strategic investment propels Compass

Financing to provide a “clear path” for exploration to the end of 2020 at Compass Gold’s Sikasso project in Mali

Compass said Semafo had agreed to subscribe for C$2 million worth of shares on offer at 35c as part of a $5 million (US$3.8 million) private placement.

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