Sarama Resorces (SWA-V)
www.saramaresources.com
51.5 million o/s
Insiders own 30%
Sun Valley Gold 11.5%
Kinross Gold 9%
$9.2 million cash (as of June, 2012)
Sarama Resources completes $12-million bought deal (as of Oct 16th, 2012)
News Release
Sarama Resources Ltd. has completed its bought-deal offering announced on Sept. 26, 2012, raising gross proceeds of $12,000,000.60. A syndicate of underwriters comprising GMP Securities LP, Cormark Securities Inc., BMO Nesbitt Burns Inc. and Raymond James Ltd. purchased 13,333,334 units at a purchase price of 90 cents per unit. As previously announced, each unit consists of one common share of the company and one-half of one common share purchase warrant of the company. Each warrant entitles the holder to purchase one common share of Sarama at a price of $1.20 any time prior to 5 p.m. (Toronto time) on the date that is two years after closing of the offering.
Sarama's president and chief executive officer, Andrew Dinning, commented: "We are very pleased with the completion of this offering and the continued confidence being shown in the plans and activities of the company. We are excited by the exploration results we have achieved to date and are pleased with the ongoing consolidation of our position in Burkina Faso in the southern Hounde and Banfora belts, where we have assembled a suite of exploration properties containing targets ranging from the advanced MM prospect to large prospective gold-in-soil trends that are yet to be tested. Following the success of this capital raising, we will be pursuing our exploration programs aggressively."
We seek Safe Harbor.
Company presentation Sept 2012
saramaresources.com |
