/ PERTH, AUSTRALIA / ACCESSWIRE / December 22, 2023 /
Sarama Resources Ltd. is pleased to report that on 22 December 2023, it closed tranche 1 of its previously announced A$520,000 equity placement . . Tranche 1 of the Placement raised aggregate gross proceeds of A$470,000 with the Company issuing 6,000,000 common shares and 17,500,000 Chess Depository Instruments at an issue price of A$0.02 per Security. Each new CDI issued under the Placement will rank equally with existing CDIs on issue and each CDI will represent a beneficial interest in one common share of the Company. Tranche 2 of the Placement will consist of the remaining 2,500,000 CDIs, which have been subscribed for by a director, Mr Andrew Dinning. The issuance of the CDIs pursuant to tranche 2 will be subject to s...