R/€ = 15.70 Change: -0.10
R/$ = 13.53 Change: -0.10
Au 1280.47 $/oz Change: -19.54
Pt 884.00 $/oz Change: -20.07
 
 
R/€ = 15.70 Change: -0.10
R/$ = 13.53 Change: -0.10
Au 1280.47 $/oz Change: -19.54
Pt 884.00 $/oz Change: -20.07
 
 
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Sarama increases previously announced placement to C$4m

12th March 2018 BY: Anine Kilian
Contributing Editor Online

JOHANNESBURG (miningweekly.com) – TSX-V-listed Sarama Resources has increased its previously announced private placement from C$3-million to C$4-million, owing to strong support from existing shareholders and new investors.

The company has increased its offering to up to 40-million common shares at a price of C$0.10 a common share to raise proceeds to fund exploration activities in Burkina Faso and to meet the company’s working capital requirements.

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Sarama said in a statement on Friday that it intends to accelerate exploration at its projects, including the ThreeBee and Koumandara projects, which the company believes has significant exploration potential. 

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EDITED BY: Chanel de Bruyn Creamer Media Senior Deputy Editor Online
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