Sarama Resources Secures A$1M Equity Placement

Sarama Resources (TSE:SWA) has released an update.

Sarama Resources Ltd. has successfully secured A$1 million through an equity placement to support potential acquisitions, exploration activities, and general working capital needs. The offering attracted strong interest, particularly from current shareholders and sophisticated investors, with shares issued at a discount. The placement is divided into two tranches, with the second contingent on shareholder approval at the upcoming AGM.

For further insights into TSE:SWA stock, check out TipRanks’ Stock Analysis page.