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Sarama Resources Ltd (ASX:SRR)

ALERT: Price-sensitive ASX Announcement for SRR
Current share price for SRR : $0.032 -0.01 (-23.81%)+
Announcement
Release
21 Oct 2025 5:33PM
Price at Release
$0.042
Full Release
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Summary
Sarama Resources Ltd announced the completion of Tranche 3 of a previously disclosed A$2.7 million equity placement. This tranche raised A$100,000 through the issuance of 3,333,333 CHESS Depositary Interests (CDIs) at A$0.03 each and 1,111,111 unlisted options, exercisable at A$0.09 each, expiring on 30 November 2028. The funds will primarily support exploration activities and the maiden drilling campaign at the Cosmo Gold Project in Western Australia. The placement, subject to TSX Venture Exchange approval, involves related party transactions under Canadian regulations but was exempt from certain valuation and approval requirements. Proceeds from the placement will not be used for investor relations payments.
Key Points
  • Completion of Tranche 3 Placement on 21 October 2025.
  • Raised A$100,000 through issuance of 3,333,333 CDIs.
  • Issued 1,111,111 unlisted options, exercisable at A$0.09.
  • Funds used for exploration and drilling at Cosmo Gold Project.
  • Subject to TSX Venture Exchange approval.
  • Related party transactions exempt from certain requirements.
  • Proceeds not for non-arm's length or investor relations payments.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.