West African Resources' (ASX:WAF) securities were placed in a trading halt on Friday after the company said an announcement is being prepared regarding a decree by the Burkina Faso government in relation to its potential acquisition of an additional 25% stake in the share capital of the company's Kiaka unit, according to a same-day Australian bourse filing.
Kiaka is the owner of the recently constructed Kiaka gold project.
The company requested that the trading halt remain in place until the release of the announcement or the commencement of normal trading on April 20, whichever comes first.
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