Sarama Resources is pleased to advise that it has reached binding agreement with Orbminco, an arm's length third party, to acquire a majority and controlling interest in the under-explored, belt-scale 420km² Mt Venn Project. This follows Sarama's recent acquisition of a majority interest in the nearby Cosmo Project. Together the projects create a 1,000km² well-positioned and underexplored landholding in the Laverton Gold [...]
Sarama Resources is pleased to report that on 11 Feb 2025, it completed the final tranche of the previously announced A$2m equity placement. The second and final tranche of the Placement consisted of 16,666,666 free attaching unlisted options and 14,000,000 broker options, with each Option exercisable at A$0.09 and expiring on 30 Nov 2028. The issuance of the Tranche 2 Options was subject to shareholder approval which was [...]
Sarama Resources is pleased to report that on 11 February 2025, it had completed the issue of shares in part settlement of deferred executive salaries and director fees as previously announced in a news release dated 21 Nov 2024. The Shares for Debt arrangement comprised the issue of 13,132,706 Chess Depository Interests at a deemed issue price of A$0.03 per CDI, equivalent to A$393,981.18 as detailed in Table 1 below [...]
Sarama Resources is pleased to advise that it has commenced a multi-stage regional soil-geochemistry program at its majority-owned 580km² Cosmo Gold Project. The program is the most significant exploration work to be undertaken on the Project in decades and is a foundational stage for drill target generation. The program follows the Company's acquisition of a majority and controlling interest in the Project in December [...]
Sarama Resources is pleased to advise that it has executed a non-binding Heads of Agreement with Orbminco Limited, an arm's length third party, to acquire a majority and controlling interest in the under-explored, belt-scale 420km² Mt Venn Project. This follows Sarama's recent acquisition of a majority interest in the 580km² Cosmo Project, approximately 45km to the west of the Mt Venn Project. Both projects are [...]
Sarama Resources is pleased to advise the appointment of Michael Bohm as Non-Executive Director, effective 1 January 2025. Mr. Bohm is a seasoned Director and Mining Engineer in the resources industry. His career spans roles as a mining engineer, mine manager, study manager, project manager, project director, and managing director. He has played a direct role in numerous mine developments across the gold, nickel, and [...]
Formal Commencement of International Arbitration Proceedings for Significant Damages Claim Sarama Resources Ltd. announces that it has formally commenced arbitration proceedings against the State of Burkina Faso in relation to a dispute concerning the expropriation of the Company's Sanutura Project . The Company will seek full compensation for the loss and damages the Company has suffered as a result of certain acts and [...]
Majority Ownership of Underexplored, Belt-Scale Gold Project in Western Australia Sarama Resources Ltd. is pleased to advise that it has completed the acquisition of a majority interest in the Cosmo Gold Project in Western Australia. This follows satisfaction of all outstanding conditions precedent and receipt of final securities exchange approval. The 580km² Cosmo Gold Projectcovers the entirety of the Cosmo-Newbery [...]
Sarama Resources Ltd. is pleased to report that on 29 November 2024, it closed Tranche 1 of its previously announced A$2m equity placement . Tranche 1 of the Placement raised aggregate gross proceeds of A$2,000,000 with the Company issuing 66,666,666 Chess Depository Instruments at an issue price of A$0.03 per CDI. Each new CDI issued under the Placement will rank equally with existing CDIs on issue and each CDI will [...]
VANCOUVER, BC, Nov. 21, 2024 /CNW/ - Trading resumes in: Company: Sarama Resources Ltd. TSX-Venture Symbol: SWA All Issues: Yes Resumption : 9:00 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and [...]
Sarama Resources Ltd. is pleased to announce it has received binding commitments to undertake a A$2 million equity placement . Funds raised will be used to undertake exploration activities, general administration and for general working capital purposes. The Placement was well supported by existing shareholders and professional and sophisticated investors. The Placement will comprise the issue of up to 66,666,666 Chess [...]
VANCOUVER, BC, Nov. 18, 2024 /CNW/ - The following issues have been halted by CIRO Company: Sarama Resources Ltd. TSX-Venture Symbol: SWA All Issues: Yes Reason: Pending News Halt Time : 7:51 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization [...]
