Sarama Completes Tranche 2 Equity Placement and ASX Cleansing Notice
Sarama Resources (ASX:SRR, TSX-V:SWA) has completed the final tranche of its A$1 million equity placement. The second tranche raised A$100,000 by issuing 5 million CDIs at A$0.02 each. This follows the first tranche completed in June, which raised A$900,000. The placement received shareholder approval on September 11, 2024.
Funds will be used for exploration, evaluating acquisitions, and working capital. Finders' fees of A$6,000 were paid for Tranche 2. The placement is subject to TSXV final approval. The company provided a notice under section 708A(5)(e) of the Corporations Act 2001, confirming compliance with disclosure requirements and the absence of excluded information.
Sarama Resources (ASX:SRR, TSX-V:SWA) ha completato l'ultima tranche del suo collocamento azionario da 1 milione di dollari australiani. La seconda tranche ha raccolto 100.000 dollari australiani emettendo 5 milioni di CDIs a 0,02 dollari australiani ciascuno. Questo segue la prima tranche completata a giugno, che ha raccolto 900.000 dollari australiani. Il collocamento ha ricevuto l'approvazione degli azionisti l'11 settembre 2024.
I fondi saranno utilizzati per esplorazione, valutazioni di acquisizioni e capitale circolante. Sono state pagate commissioni di 6.000 dollari australiani per la Tranche 2. Il collocamento è soggetto all'approvazione finale della TSXV. L'azienda ha fornito una comunicazione ai sensi della sezione 708A(5)(e) della Corporations Act 2001, confermando la conformità ai requisiti di divulgazione e l'assenza di informazioni escluse.
Sarama Resources (ASX:SRR, TSX-V:SWA) ha completado la última parte de su colocación de acciones de 1 millón de dólares australianos. La segunda parte recaudó 100,000 dólares australianos al emitir 5 millones de CDIs a 0.02 dólares australianos cada uno. Esto sigue a la primera parte completada en junio, que recaudó 900,000 dólares australianos. La colocación recibió la aprobación de los accionistas el 11 de septiembre de 2024.
Los fondos se utilizarán para exploración, evaluación de adquisiciones y capital de trabajo. Se pagaron honorarios de intermediarios de 6,000 dólares australianos por la Tranche 2. La colocación está sujeta a la aprobación final de la TSXV. La empresa proporcionó un aviso bajo la sección 708A(5)(e) de la Corporations Act 2001, confirmando el cumplimiento de los requisitos de divulgación y la ausencia de información excluida.
사라마 리소스(Sarama Resources) (ASX:SRR, TSX-V:SWA)는 100만 호주 달러 규모의 주식 배치의 마지막 회차를 완료했습니다. 두 번째 회차는 500만 CDIs를 각각 0.02 호주 달러에 발행하여 10만 호주 달러를 모금했습니다. 이는 6월에 완료된 첫 번째 회차에 이어, 이 회차에서는 90만 호주 달러를 모금했습니다. 이 배치는 2024년 9월 11일 주주 승인 을 받았습니다.
자금은 탐사, 인수 평가 및 운영 자본에 사용될 예정입니다. 두 번째 회차에 대해 6,000 호주 달러의 중개 수수료를 지급했습니다. 이 배치는 TSXV의 최종 승인을 받아야 합니다. 회사는 2001년 기업법 섹션 708A(5)(e)에 따라 통지를 제공하여 공시 요건 준수와 제외 정보의 부재를 확인했습니다.
Sarama Resources (ASX:SRR, TSX-V:SWA) a achevé la dernière tranche de son placement d'actions de 1 million de dollars australiens. La deuxième tranche a levé 100 000 dollars australiens en émettant 5 millions de CDIs à 0,02 dollar australien chacun. Cela fait suite à la première tranche réalisée en juin, qui a levé 900 000 dollars australiens. Le placement a reçu l'approbation des actionnaires le 11 septembre 2024.
Les fonds seront utilisés pour l'exploration, l'évaluation des acquisitions et le fonds de roulement. Des frais de recherche de 6 000 dollars australiens ont été payés pour la tranche 2. Le placement est soumis à l'approbation finale de la TSXV. La société a fourni un avis en vertu de l'article 708A(5)(e) de la Corporations Act 2001, confirmant le respect des exigences de divulgation et l'absence d'informations exclues.
Sarama Resources (ASX:SRR, TSX-V:SWA) hat die letzte Tranche seiner Aktienplatzierung in Höhe von 1 Million AUD abgeschlossen. Die zweite Tranche erzielte 100.000 AUD durch die Ausgabe von 5 Millionen CDIs zu je 0,02 AUD. Dies folgt auf die erste Tranche, die im Juni abgeschlossen wurde und 900.000 AUD einbrachte. Die Platzierung erhielt am 11. September 2024 die Zustimmung der Aktionäre.
Die Gelder werden für Erkundung, Evaluierung von Übernahmen und Betriebskapital verwendet. Finder-Gebühren in Höhe von 6.000 AUD wurden für Tranche 2 bezahlt. Die Platzierung unterliegt der endgültigen Genehmigung durch die TSXV. Das Unternehmen gab eine Mitteilung gemäß Abschnitt 708A(5)(e) des Corporations Act 2001 ab und bestätigte die Einhaltung der Offenlegungspflichten sowie das Fehlen von ausgeschlossenen Informationen.
- Successful completion of A$1 million equity placement
- Funds raised for exploration and potential acquisitions
- Shareholder approval obtained for the placement
- Dilution of existing shareholders due to new CDI issuance
- Additional finders' fees of A$6,000 paid for Tranche 2
PERTH, AUSTRALIA and VANCOUVER, BC / ACCESSWIRE / September 16, 2024 / Sarama Resources Ltd. ("Sarama" or the "Company") (ASX:SRR)(TSX-V:SWA) is pleased to report that on 13 September 2024, it completed the final tranche of the previously announced A
The second and final tranche of the Placement ("Tranche 2") raised aggregate gross proceeds of A
The first tranche of the Placement, completed on 26 June 2024, raised aggregate gross proceeds of A
Tranche 2 of the Placement was issued to institutional and other sophisticated and professional investors upon receipt of shareholder approval, as required by the ASX Listing Rules, at the Meeting. An Appendix 2A was announced to the Australian Stock Exchange ("ASX") on 16 September 2024 and provides further detail on the issue of Tranche 2.
Members of Sarama's Board and Management have not subscribed for any CDIs in the Placement.
Funds raised from the Placement will be used to undertake exploration, evaluate complimentary acquisitions and for general working capital purposes. None of the proceeds from the Placement will be used for payments to non-arm's length parties or persons conducting investor relations activities.
Finders' fees of A
The Placement remains subject to the final approval of the TSX Venture Exchange ("TSXV"). The CDIs issued under the Placement are not subject to any TSXV hold periods as all subscribers under the Placement were located outside of Canada.
Notice under section 708A(S)(e) of the Corporations Act 2001 (Cth)
The Corporations Act 2001 (Cth) (Corporations Act) restricts the offer for sale of securities without a disclosure document unless the relevant sale satisfies an exemption set out in section 708 or section 708A of the Corporations Act. ASIC Class Order [CO 14/827] (Class Order) provides relief so that an offer of CDIs over underlying foreign securities is regulated as an offer of securities under the Corporations Act. The Company seeks to rely on an exemption in section 708A of the Corporations Act (as modified by the Class Order) with respect to any sale of the CDIs.
As required by section 708A(5)(e) of the Corporations Act as modified by the Class Order, the Company gives notice that:
1. The CDIs were issued without disclosure to investors under Part 60.2 of the Corporations Act.
2. The Company, as at the date of this notice, has complied with:
a) the provisions of section 601CK of the Corporations Act as they apply to the Company; and
b) sections 674 and 674A of the Corporations Act.
3. As at the date of this notice, there is no information, for the purposes of section 708A(7) and 708A(8):
a) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules;
and
b) that investors and their professional advisers would reasonably require for the purpose of making an
informed assessment of:
(i) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or
(ii) the rights and liabilities attaching to the CDIs.
Where applicable, references in this notice to sections of the Corporations Act are to those sections as modified by the Class Order.
This announcement was authorised by the Board of Sarama.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Company Activities
Andrew Dinning
Sarama Resources Ltd
e: info@saramaresources.com
t: +61 8 9363 7600
CAUTION REGARDING FORWARD LOOKING INFORMATION
Information in this news release that is not a statement of historical fact constitutes forward-looking information. Such forward-looking information includes, but is not limited to, statements regarding the intended use of proceeds from the Placement and receiving the approval of the TSXV. Actual results, performance or achievements of the Company may vary from the results suggested by such forward-looking statements due to known and unknown risks, uncertainties, and other factors. Such factors include, among others, that the business of exploration for gold and other precious minerals involves a high degree of risk and is highly speculative in nature; mineral resources are not mineral reserves, they do not have demonstrated economic viability, and there is no certainty that they can be upgraded to mineral reserves through continued exploration; few properties that are explored are ultimately developed into producing mines; geological factors; the actual results of current and future exploration; changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's publicly filed documents.
There can be no assurance that any mineralisation that is discovered will be proven to be economic, or that future required regulatory licensing or approvals will be obtained. However, the Company believes that the assumptions and expectations reflected in the forward-looking information are reasonable. Assumptions have been made regarding, among other things, the Company's ability to carry on its exploration activities, the sufficiency of funding, the timely receipt of required approvals, the price of gold and other precious metals, that the Company will not be affected by adverse political and security-related events, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain further financing as and when required and on reasonable terms. Readers should not place undue reliance on forward-looking information.
Sarama does not undertake to update any forward-looking information, except as required by applicable laws.
SOURCE: Sarama Resources Ltd.
View the original press release on accesswire.com
FAQ
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