Asara Resources (ASX:AS1) has announced its sale of its Burkina Faso assets for US$2.2M in cash. The funds will go towards the advancement of Asara’s Kada gold project in Guinea – a jurisdiction somewhat more stable. The company will also pay off debts with the funds. Expressed in Australian dollars, the company is to receive $3.25M in cash. Asara already has US$0.55M in its coffers as an upfront payment. A second US$0.55M will come to the company upon execution of a Share Purchase Agreement (SPA) with private explorer BIC West Africa. The two projects BIC has picked up are Asara’s Kouri and B…
