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Sarama Resources Ltd. Completes $4 Million Private Placement

Published: 03/16/2018

Team: Gordon R. Chambers, Stefanie Sebanc, Arend J.A. Hoekstra

On March 16, 2018, Sarama Resources Ltd., a West African focused gold explorer with substantial landholdings in Burkina Faso, completed a private placement of 40 million common shares at a price of $0.10 each for aggregate gross proceeds of $4 million. Sarama is listed on the TSX Venture Exchange.

Cassels Brock acted for Sarama with a deal team that included Gordon Chambers, Stefanie Sebanc and Arend Hoekstra (Securities and Mining).