Sarama Resources Ltd.

Paves the Way for Lodgement of Substantial Damages Claim Sarama Resources Ltd. is pleased to advise that it has entered into a Litigation Funding Agreement with Locke Capital II LLC, an arm's length party that specializes in providing funding for dispute resolution to commence international arbitration proceedings in relation to its investment dispute with the Government of Burkina Faso . The Dispute pertains to the [...]

Exploration Fieldwork Underway & Cosmo Gold Shareholders Set to Approve Transaction Sarama Resources Ltd. is pleased to advise that field exploration on the Cosmo Gold Project in Western Australia is progressing well, with soil geochemistry programs underway . Meetings with senior members of the local Traditional Owner groups have also been held during a recent site visit to the Project , with both groups welcoming Sarama [...]

Key Transaction Conditions Satisfied & Exploration Program Commenced Sarama Resources Ltd. is pleased to advise that the Company's acquisition of a majority interest in the Cosmo Gold Project in Western Australia is advancing towards completion with a majority of the key conditions precedent having been met. The acquisition received strong support from shareholders at the Company's recent Annual General Meeting and Sarama [...]

/ PERTH, AUSTRALIA / ACCESSWIRE / September 18, 2024 / Sarama Resources Ltd. is pleased to report that on 18 September 2024, 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 16 July 2024. The Shares for Debt arrangement comprised the issue of 22,348,980 Chess Depository Instruments at a deemed issue price of A$0.02 per [...]

Sarama Resources Ltd. is pleased to report that on 13 September 2024, it completed the final tranche of the previously announced A$1m equity placement . The second and final tranche of the Placement raised aggregate gross proceeds of A$100,000 with the Company issuing 5,000,000 Chess Depository Instruments at an issue price of A$0.02 per CDI. Each new CDI issued under the Placement will rank equally with existing CDIs on [...]

Binding Agreement Executed for the Large, Effectively Unexplored Cosmo Newbery Gold Project Sarama Resources Ltd. is pleased to announce that it has entered into a binding agreement to acquire a majority interest in the Cosmo Newbery Gold Project in Western Australia . The 580km² project covers the entirety of the Cosmo-Newbery Greenstone Belt and is located approximately 85km north-east of Laverton in a region known for [...]

The Board of Directors of Sarama Resources Ltd. has granted 9,900,000 options to directors, officers, employees and consultants of the Company as a 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 December 21, 2022, and allows for the issuance of a number of options up to 10% of its rolling issued [...]

VANCOUVER, BC / PERTH. AUSTRALIA / ACCESSWIRE / July 22, 2024 / Sarama Resources Ltd. refers to its capital raising announced on 19 June 2024, which comprises the issue of up to 50,000,000 CHESS Depository Interests at an issue price of A$0.02 per CDI to raise gross proceeds of up to A$1 million . The Placement is comprised of the following two tranches: Tranche 1: 45,000,000 CDIs at A$0.02 per CDI raising gross proceeds [...]

Sarama Resources Ltd. advises that the Company's Executives and Non-Executive Directors have agreed to receive a portion of their deferred salaries and director fees in common shares of the Company. In September 2023, the Company's Executives and Non-Executive Directors agreed to suspend the payment of salaries and fees to ensure the Company had sufficient financial resources to work through the period of uncertainty [...]

Sarama Resources Ltd. is pleased to report that on 25 June 2024, it closed tranche 1 of its previously announced A$1m equity placement . Tranche 1 of the Placement raised aggregate gross proceeds of A$900,000 with the Company issuing 45,000,000 Chess Depository Instruments at an issue price of A$0.02 per CDI. Each new CDI issued under the Placement will rank equally with existing CDIs on issue and each CDI will represent [...]