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Sarama completes C$1.85m private placement

7th August 2017

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

     

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JOHANNESBURG (miningweekly.com) – TSX-V-listed Sarama Resources last week announced the completion of its C$1.85-million private placement.

Sarama issued 10.27-million common shares to raise proceeds to advance resource exploration of properties in Burkina Faso, and for general working capital purposes.

Sun Valley Gold Master Fund, which owns about 15% of the company's outstanding shares, purchased a total of 1.66-million shares in the private placement.

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Edited by Creamer Media Reporter

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