Sarama Resources Ltd. Announces A$2.7 Million Equity Placement to Fund Laverton Drilling Campaign

Reuters

06/30

<a href="https://laohu8.com/S/SRR.AU">Sarama Resources Ltd</a>. Announces A$2.7 Million Equity Placement to Fund Laverton Drilling Campaign

Sarama Resources Ltd. has announced it has secured binding commitments for an upsized placement to raise A$2.7 million before costs. The placement involves the issuance of new CDIs, with members of Sarama's Board and Management participating as related parties. Subject to shareholder approval, Sarama will issue one free attaching unlisted option for every three new CDIs issued, exercisable at A$0.09 and expiring on November 30, 2028. The Powerhouse Group of Companies supported the fundraising, with Powerhouse Advisory Australia Pty Ltd acting as the lead manager. Additionally, the company is making progress on its fully funded arbitration claim against the Government of Burkina Faso and its acquisition of Mt Venn.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sarama Resources Ltd. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1044315) on June 30, 2025, and is solely responsible for the information contained therein.

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Announces A$2.7 Million Equity Placement to Fund Laverton Drilling Campaign\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-06-30 23:40</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/SRR.AU\">Sarama Resources Ltd</a>. Announces A$2.7 Million Equity Placement to Fund Laverton Drilling Campaign\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Sarama Resources Ltd. has announced it has secured binding commitments for an upsized placement to raise A$2.7 million before costs. The placement involves the issuance of new CDIs, with members of Sarama's Board and Management participating as related parties. Subject to shareholder approval, Sarama will issue one free attaching unlisted option for every three new CDIs issued, exercisable at A$0.09 and expiring on November 30, 2028. The Powerhouse Group of Companies supported the fundraising, with Powerhouse Advisory Australia Pty Ltd acting as the lead manager. 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ID: 1044315) on June 30, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0390134368.USD","symbol_name":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250630:nNDL2zCpDb:1","article_id":"2547015418","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2547015418","pubTimestamp":1751298025,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Sarama Resources Ltd. has announced it has secured binding commitments for an upsized placement to raise A$2.7 million before costs. 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Announces A$2.7 Million Equity Placement to Fund Laverton Drilling Campaign\n    \n\n        Sarama Resources Ltd. has announced it has secured binding commitments for an upsized placement to raise A$2.7 million before costs. The placement involves the issuance of new CDIs, with members of Sarama's Board and Management participating as related parties. Subject to shareholder approval, Sarama will issue one free attaching unlisted option for every three new CDIs issued, exercisable at A$0.09 and expiring on November 30, 2028. The Powerhouse Group of Companies supported the fundraising, with Powerhouse Advisory Australia Pty Ltd acting as the lead manager. Additionally, the company is making progress on its fully funded arbitration claim against the Government of Burkina Faso and its acquisition of Mt Venn.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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