Sarama Resources Ltd.

Not for Distribution to a United States Newswire or for Dissemination in the United States Sarama Resources Ltd. is pleased to announce that further to its press release issued April 9, 2019 in relation to the Company's proposed private placement, due to strong support from existing shareholders and new investors, the Company has increased its offering to up to 69,411,765 common shares at a price of C$0.085 per common [...]

Sarama Resources Ltd. is pleased to announce that ASX listed mid-tier gold producer, Silver Lake Resources Ltd. will become a cornerstone investor in Sarama by investing C$2,500,000 as part of a larger non-brokered private placement to raise gross proceeds of up to C$4,500,000. The Private Placement will involve the issuance of up to 52,941,176 common shares of Sarama at a price of C$0.085 per Share. Andrew Dinning [...]

The Board of Directors of Sarama Resources Ltd. has granted 4,635,000 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 27, 2018 and allows for the issuance of a number of options up to 10% of [...]

Sarama Resources Ltd. is pleased to announce that it has executed a Heads of Agreement with Acacia Mining plc that provides for the termination the 2014 earn-in agreement between the two companies in respect of the South Houndé Project in south-western Burkina Faso. The Agreement provides for Sarama to resume operatorship and regain a 100% interest in the Project, which is contiguous to Sarama's neighbouring [...]

Sarama Resources Ltd. announces that a combined reverse circulation and aircore drilling program has extended the strike length of shallow zones of gold mineralisation at the Zanawa Prospect, 4km north-east of the Bondi Deposit on Sarama's Djarkadougou Property in south-western Burkina Faso. The drill results demonstrate the potential to add to the existing historical estimate of mineral resources at the Bondi Deposit and [...]

Sarama Resources is pleased to announce the satisfaction of all conditions precedent in relation to the binding agreement for the sale of its non-core Kandiole Sud Exploration Property, West Mali to Oklo Resources. Pursuant to the Agreement, Sarama has received a cash payment of A$200,000 and shares in Oklo of value A$500,000, representing the Tranche 1 and Tranche 2 Consideration payments respectively. Sarama is further [...]

Sarama Resources is pleased to announce that it has entered into a binding agreement for the sale of its non-core Kandiole Sud Exploration Property, West Mali to Oklo Resources for consideration comprising cash and shares in Oklo for a total value of A$1M. Upon completion, the Transaction will rationalise Sarama's exploration portfolio and allow the Company to focus on its advanced exploration assets located in the Hounde [...]

Sarama Resources Ltd. announces that it, along with its subsidiary, Sarama Mining Mali SARL , and Xinga Gold SARL has entered into a second amendment to the memorandum of agreement concerning the Kandiole Sud Exploration Property previously entered into by Sarama, Sarama Mali and Xinga on November 10, 2011 . The Property is situated in west Mali and is proximal to B2Gold's recently commissioned Fekola mine, Oklo [...]

Sarama Resources is pleased to announce that it has closed its previously announced private placement offering of 40,000,000 common shares at a price of C$0.10 per common share for aggregate gross proceeds to the Company of C$4,000,000. All proceeds from the Private Placement shall be immediately available to the Company and used to meet working capital requirements of the Company and to accelerate exploration at its [...]

Sarama Resources is pleased to announce that further to its press release issued February 28, 2018 in relation to the Company's proposed private placement, due to strong support from existing shareholders and new investors, the Company has increased its offering to up to 40,000,000 common shares at a price of C$0.10 per common share to raise gross proceeds of up to C$4,000,000 . All other terms of the Private Placement [...]