The latest update is out from Sarama Resources ( (TSE:SWA) ).
Sarama Resources Ltd. has announced the grant of 4,550,000 stock options to its directors following an annual compensation review. This move is part of the company’s stock option plan, which complies with ASX Listing Rule 7.2, exception 13(b), allowing the issuance of options without affecting the 15% threshold for equity securities. The options, which have an exercise price set above the recent trading prices, will vest immediately and are exercisable for three years, pending shareholder approval at the upcoming AGM in June 2025.
More about Sarama Resources
Sarama Resources Ltd. operates in the mining industry, focusing on the exploration and development of gold resources. The company is listed on the Australian Securities Exchange (ASX) and the TSX Venture Exchange (TSX-V), indicating its market focus in both Australia and Canada.
YTD Price Performance: 50.0%
Average Trading Volume: 50,746
Technical Sentiment Signal: Hold
Current Market Cap: C$10.83M
Find detailed analytics on SWA stock on TipRanks’ Stock Analysis page.