Moydow Mines International, a Canadian company in partnership with Glencar on its Wassa gold mine in Ghana, has started trading on the Toronto Stock Exchange, following a successful $2 million (£1.3 million) financing and reverse takeover of Westley Mines International.

Moydow has a 31 per cent interest in the Wassa mine which is due to have its first gold bar poured next month. Glencar has a 66 per cent interest in the mine. Glencar and Moydow have arranged a $47.5 million debt financing package with a syndicate led by Standard Bank London Limited to fund construction and operation of the mine.