Sarama Resources Concludes Third Tranche of A$2.7M Equity Placement

Sarama Resources Ltd. has finalized the third tranche of its A$2.7 million equity placement. Completed on October 21, 2025, the tranche raised A$100,000 through the issuance of 3,333,333 CDIs at A$0.03 per unit. Additionally, 1,111,111 unlisted options were issued, each exercisable at A$0.09, expiring in November 2028. This tranche was designated to director Andrew Dinning, following shareholder approval.

Previously, the first tranche raised A$2.6 million with 86,666,667 CDIs, while the second tranche included 28,888,889 unlisted options. The funding supports exploration ventures in the Eastern Goldfields of Western Australia and ongoing arbitration with the Burkina Faso government.

Sarama's board and management invested in 4,999,999 CDIs in total. Subject to final TSX Venture Exchange approval, securities also adhere to a four-month hold period. Not open for U.S. distribution, the placement aligns with MI 61-101 due to its market valuation.