CAPITAL MARKETS

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.

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

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. Assuming the offering was fully subscribed, Semafo...

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