Agreement Executed for Acquisition of Majority Interest in Belt-Scale Mt Venn Project Sarama Resources Ltd. 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 , located in the Eastern Goldfields of Western Australia. This follows Sarama's [...]
Sarama Resources Ltd. 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 [...]
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 [...]
Cosmo Gold Shareholders Vote in Favour of Transaction PERTH, AUSTRALIA / VANCOUVER, BC / ACCESSWIRE / November 5, 2024 / Sarama Resources Ltd. is pleased to advise that the shareholders of Cosmo Gold Ltd have voted in favour of Sarama's acquisition of a majority interest in the Cosmo Gold Project in Western Australia. This shareholder approval was a key outstanding condition to be satisfied for the Transaction to be [...]
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 [...]
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