West African Resources Ltd's (ASX:WAF) shares last traded at $0.32, or over five-times higher than where they were six-months ago.
The company has recently been delivering gold exploration success in Burkina Faso.
WAF is now heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.
The halt will remain in place until the opening of trade on Thursday 11th August 2016, or earlier if an announcement is made to the market.
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