The Board of Directors of Sarama Resources Ltd. has granted 3,158,336 options to directors, officers, employees and consultants of the Company. The option grant is the result of the Company's annual compensation review. This granting of options is made in accordance with the Company's stock option plan which was approved by shareholders on September 17, 2020 and allows for the issuance of a number of options up to 10% of [...]
Sarama Resources Ltd. is pleased to announce that the Government of Burkina Faso has issued the Company a new Exploration Permit covering the prospective Dabokuy 2 Property in south-western Burkina Faso. The new Permit is effectively a re-issue of the previously expired Dabokuy Exploration Permit and covers the same 56km² area. The Property is part of the Company's 100%-owned Koumandara Project , located within the [...]
Sarama Resources Ltd. announces the filing on SEDAR of a National Instrument 43-101 technical report in support of the Company's September 8, 2020 news release which announced a significant increase in the Company's mineral resource estimate for the Tankoro Gold Deposit at its 100%-owned Sanutura Project in south-west Burkina Faso. The Sanutura Project is an advanced-stage, gold exploration project covering approximately [...]
Sarama Resources Ltd. is pleased to advise that it is pursuing a second listing of its securities on the Australian Securities Exchange in addition to the continued listing of its common shares on the TSX Venture Exchange . The Board of Directors believes that seeking a dual listing will provide the best platform to reflect the value of the Company's assets as it transitions towards development. Sarama believes that Board [...]
Sarama Resources Ltd. is pleased to announce a significant increase and upgrade in mineral resources for the Tankoro Gold Deposit, which is the key component of its Sanutura Project in south-west Burkina Faso. The Sanutura Project represents the consolidation of the Company's South Houndé and ThreeBee Projects into a single, 100%-owned, advanced-stage exploration project covering approximately 1,500km² that hosts a [...]
Sarama Resources Ltd. is pleased to announce that it has closed the second and final tranche of its private placement previously announced on July 13, 2020, and July 27, 2020. The Second Tranche of the Private Placement raised aggregate proceeds of C$505,000 through the issue of 4,590,909 common shares at a price of C$0.11 per Share. With this final closing of the Private Placement, the Company has raised aggregate gross [...]
Sarama Resources Limited is pleased to announce that it has closed the first Tranche of its previously announced private placement for up to C$3 million, announced on July 13, 2020. The second tranche of the Private Placement is expected to close on or about July 31, 2020. On closing of the First Tranche, the Company has raised aggregate gross proceeds to date of C$1,568,823 through the issue of 14,262,027 common shares [...]
Sarama Resources is pleased to announce that it is conducting a private placement to raise gross proceeds of up to C$3,000,000. The Private Placement will involve the issuance of up to 27,272,727 common shares of Sarama at a price of C$0.11 per Share. The Company's CEO, Andrew Dinning, commented: "Sarama is undertaking this placement at a time when there is increasing interest in and consolidation of gold assets and [...]
Sarama Resources advises that pursuant to a compensation arrangement previously announced on June 1, 2020, the Company's Chief Executive Officer, Chief Financial Officer, Vice President Exploration, and Vice President Corporate Development have agreed to receive a portion of their salary in common shares of the Company. Pursuant to the requirements of the TSXV, the Company has sought approval to issue an aggregate of [...]
Sarama Resources Ltd. is pleased to announce the appointment of two new Non-Executive Directors and restructure of its Board to support the pursuit of a new strategic direction. Sarama will take a more aggressive approach to maximising the value of its assets either through M&A or pursuing a development scenario. Simon Jackson has been appointed Non-Executive Chairman which will allow the CEO, Andrew Dinning to fully [...]
Sarama Resources Ltd. advises that the Company's Chief Executive Officer, Chief Financial Officer, Vice President Exploration, and Vice President Corporate Development have agreed to receive a portion of their salary in common shares of the Company. Pursuant to the requirements of the TSX Venture Exchange , the Company has sought approval to implement this arrangement and to issue 353,967 common shares to the Executives [...]
Sarama Resources Ltd. advises that an updated mineral resource estimate has been compiled on the Karankasso Project , located in south-west Burkina Faso . The Project is a joint venture between Sarama and Semafo Inc , with the parties holding approximate interests of 20% and 80% respectively. The updated mineral resource estimate of 12.74Mt @ 1.73g/t for 709koz Au was fully compiled by, or under the supervision of, Semafo [...]
