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Sarama Resources ( (TSE:SWA) ) has provided an announcement.
Sarama Resources Ltd. has successfully completed the second and final tranche of its A$2 million equity placement. The completion of this tranche involved the issuance of unlisted options and broker options, following shareholder approval. The funds raised from this placement will be allocated towards exploration activities and general corporate purposes. This strategic move supports Sarama’s operational goals without incurring additional fees or obligations to insiders and is pending final approval from the TSX Venture Exchange.
More about Sarama Resources
Sarama Resources Ltd. operates within the mining industry, focusing on exploration activities. It is listed on the Australian Securities Exchange (ASX) and the TSX Venture Exchange (TSXV), and is engaged in raising capital for its exploration projects.
YTD Price Performance: 25.00%
Average Trading Volume: 131,684
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$8.7M
For an in-depth examination of SWA stock, go to TipRanks’ Stock Analysis page.
