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Sarama Resources ( (TSE:SWA) ) has issued an announcement.
Sarama Resources Ltd. has completed the issue of 13,132,706 Chess Depository Interests (CDIs) as a part of a Shares for Debt arrangement, allowing the company to partially settle deferred executive salaries and director fees. This issuance, which aligns with the Australian Securities Exchange Listing Rules and received necessary shareholder approval, will help reduce the company’s liabilities and involves a related party transaction under Canadian regulations.
More about Sarama Resources
Sarama Resources Ltd. is a company involved in the mining industry, primarily focused on exploration and development of gold projects. It is listed on the Australian Securities Exchange (ASX) and the TSX Venture Exchange (TSX-V), indicating a market focus on both Australian and Canadian investors.
YTD Price Performance: 25.00%
Average Trading Volume: 131,684
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$8.7M
See more insights into SWA stock on TipRanks’ Stock Analysis page.
