Sama Resources Increases Previously Announced Private Placement and Announces Attendance at Upcoming Cambridge Investment Conference in Montreal
15.11.2011 | Marketwire
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESVANCOUVER, BRITISH COLUMBIA -- (Marketwire - Nov. 15, 2011) - Sama Resources Inc. (TSX VENTURE: SME) (“Sama“ or the “Company“) is pleased to announce that it has increased, subject to regulatory approval, its non-brokered private placement (the “Private Placement“) previously announced on November 10, 2011 by an additional 889,571 units (“Units“) at a price of $0.315 per Unit for additional gross proceeds to Sama of approximately $280,215 (aggregate gross proceeds of approximately $1,638,000 in total). All other terms of the Private Placement, which remain subject to receipt of applicable regulatory approvals, are unchanged from those disclosed in Sama's November 10, 2011 news release.
No finders' fees or commissions will be payable. Net proceeds from the Private Placement will be used for exploration purposes and general working capital requirements.
The Company is also pleased to announce its attendance as an exhibitor at the upcoming Cambridge House investment conference. We invite everyone to stop by our booth to meet Dr. Marc-Antoine to learn more about Sama Resources Ltd. Attendance is free for those who pre-register (www.cambridgehouse2.com/paid_registration/index.php). Exhibit hours are 10am - 5:30pm, Friday 19 and Saturday 20 November, 2011. The event is being held at the Hilton Bonaventure Montreal, 900 de La Gauchetiere W., Montreal, Quebec.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information
Sama Resources Inc.
Dr. Marc-Antoine Audet
President and CEO
(514) 726-4158
www.samaresources.com
Brisco Capital Partners Corp.
Scott Koyich or Graeme Dick
Investor Relations
(403) 262-9888
scott@briscocapital.com or graeme@briscocapital.com