Sarama Completes Tranche 2 Options Placement
Sarama Resources has completed the final tranche of its previously announced A$2m equity placement. Tranche 2 consisted of 16,666,666 free attaching unlisted options and 14,000,000 broker options, each exercisable at A$0.09 and expiring on November 30, 2028. This follows the first tranche completed on November 29, 2024, which raised A$2,000,000 through issuing 66,666,666 CDIs at A$0.03 per CDI.
The placement was made to institutional and sophisticated investors, with shareholder approval received on February 4, 2025. No Board or Management members subscribed to the CDIs. The funds will be used for exploration activities, working capital, and administration costs. No finders' fees were paid for Tranche 2, and the placement awaits final TSX Venture Exchange approval.
Sarama Resources ha completato l'ultima tranche della sua precedente emissione di equity da A$2 milioni. La Tranche 2 consisteva in 16.666.666 opzioni non quotate gratuite e 14.000.000 opzioni per i broker, ciascuna esercitabile a A$0,09 e con scadenza il 30 novembre 2028. Questo segue la prima tranche completata il 29 novembre 2024, che ha raccolto A$2.000.000 tramite l'emissione di 66.666.666 CDI a A$0,03 per CDI.
L'emissione è stata effettuata a favore di investitori istituzionali e sofisticati, con l'approvazione degli azionisti ricevuta il 4 febbraio 2025. Nessun membro del Consiglio o della Direzione ha sottoscritto i CDI. I fondi saranno utilizzati per attività di esplorazione, capitale circolante e costi di amministrazione. Non sono state pagate commissioni ai procacciatori per la Tranche 2, e l'emissione attende l'approvazione finale della TSX Venture Exchange.
Sarama Resources ha completado la última tranche de su colocación de capital anteriormente anunciada de A$2 millones. La Tranche 2 consistió en 16.666.666 opciones no cotizadas gratuitas y 14.000.000 opciones para corredores, cada una ejercitables a A$0.09 y que expiran el 30 de noviembre de 2028. Esto sigue a la primera tranche completada el 29 de noviembre de 2024, que recaudó A$2,000,000 mediante la emisión de 66.666.666 CDI a A$0.03 por CDI.
La colocación se realizó a inversores institucionales y sofisticados, con la aprobación de los accionistas recibida el 4 de febrero de 2025. Ningún miembro de la Junta o de la Dirección suscribió los CDI. Los fondos se utilizarán para actividades de exploración, capital de trabajo y costos administrativos. No se pagaron comisiones a los intermediarios por la Tranche 2, y la colocación está a la espera de la aprobación final de la TSX Venture Exchange.
사라마 리소스는 이전에 발표된 A$2백만 자본 배치의 마지막 트랜치를 완료했습니다. 트랜치 2는 16,666,666개의 비상장 무료 옵션과 14,000,000개의 중개인 옵션으로 구성되며, 각 옵션은 A$0.09에 행사할 수 있으며 2028년 11월 30일에 만료됩니다. 이는 2024년 11월 29일에 완료된 첫 번째 트랜치의 연속으로, A$2,000,000를 모금하기 위해 A$0.03에 66,666,666개의 CDI를 발행했습니다.
이번 배치는 기관 및 고급 투자자들에게 이루어졌으며, 2025년 2월 4일에 주주 승인을 받았습니다. 이사회 및 경영진의 모든 구성원은 CDI를 구입하지 않았습니다. 자금은 탐사 활동, 운영 자본 및 관리비용에 사용될 예정입니다. 트랜치 2에 대한 중개 수수료는 지급되지 않았으며, 배치는 최종 TSX 벤처 거래소의 승인을 기다리고 있습니다.
Sarama Resources a complété la dernière tranche de son placement en capital de 2 millions de dollars australiens précédemment annoncé. La Tranche 2 se composait de 16 666 666 options gratuites non cotées et de 14 000 000 options de courtier, chacune pouvant être exercée à 0,09 $ australien et expirant le 30 novembre 2028. Cela fait suite à la première tranche complétée le 29 novembre 2024, qui a permis de lever 2 000 000 $ australiens par l'émission de 66 666 666 CDI au prix de 0,03 $ australien par CDI.
Le placement a été réalisé auprès d'investisseurs institutionnels et sophistiqués, l'approbation des actionnaires ayant été reçue le 4 février 2025. Aucun membre du conseil d'administration ou de la direction n'a souscrit aux CDI. Les fonds seront utilisés pour des activités d'exploration, du fonds de roulement et des coûts d'administration. Aucune commission de recherche n'a été versée pour la Tranche 2 et le placement attend l'approbation finale de la TSX Venture Exchange.
Sarama Resources hat die letzte Tranche seiner zuvor angekündigten Kapitalerhöhung in Höhe von A$2 Millionen abgeschlossen. Die Tranche 2 bestand aus 16.666.666 kostenlosen, nicht gelisteten Optionen und 14.000.000 Brokeroptionen, die jeweils zu A$0,09 ausgeübt werden können und am 30. November 2028 ablaufen. Dies folgt auf die erste Tranche, die am 29. November 2024 abgeschlossen wurde, die A$2.000.000 durch die Ausgabe von 66.666.666 CDIs zu einem Preis von A$0,03 pro CDI gesammelt hat.
Die Platzierung erfolgte an institutionelle und anspruchsvolle Investoren, wobei die Zustimmung der Aktionäre am 4. Februar 2025 erteilt wurde. Keines der Vorstands- oder Managementmitglieder hat sich für die CDIs angemeldet. Die Mittel werden für Erkundungsaktivitäten, Betriebskapital und Verwaltungskosten verwendet. Für die Tranche 2 wurden keine Vermittlungsgebühren gezahlt, und die Platzierung wartet auf die endgültige Genehmigung der TSX Venture Exchange.
- Successfully raised A$2 million in first tranche funding
- Secured shareholder approval for options issuance
- No dilution from management participation in placement
- Additional potential dilution from 30.67 million new options
- Exercise price of A$0.09 represents potential future dilution if exercised
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
VANCOUVER, BC AND PERTH, AUSTRALIA / ACCESS Newswire / February 11, 2025 / Sarama Resources Ltd. ("Sarama" or the "Company") (ASX:SRR)(TSX-V:SWA) is pleased to report that on 11 February 2025, it completed the final tranche of the previously announced A
The second and final tranche of the Placement ("Tranche 2") consisted of 16,666,666 free attaching unlisted options (each a "Placement Option") and 14,000,000 broker options (each a "Broker Option" and together with the Placement Options, the "Options"), with each Option exercisable at A
The first tranche of the Placement, completed on 29 November 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 3G was announced to the Australian Stock Exchange ("ASX") on 11 February 2025 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 for exploration activities, general working capital purposes and for general and administration costs. None of the proceeds from the Placement will be used for payments to non-arm's length parties or persons conducting investor relations activities.
No Finders' fees were paid in connection with Tranche 2 of the Placement. 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 hold periods as all subscribers under the Placement were located outside of Canada.
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:
Andrew Dinning |
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e: info@saramaresources.com |
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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 ACCESS Newswire
FAQ
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