Sarama Resources (TSE:SWA) has released an update.
Sarama Resources Ltd. has successfully closed the first tranche of its A$1 million equity placement, raising A$900,000 through the issuance of 45 million CDIs at A$0.02 each. The funds will be used for potential acquisitions, exploration, and general corporate expenses, with a second tranche of 5 million CDIs pending shareholder approval. The company confirms no insiders participated in the placement, and the transaction is subject to final TSX Venture Exchange approval.
For further insights into TSE:SWA stock, check out TipRanks’ Stock Analysis page.
