Sarama Resources Issues Common Shares
TSX-V Ticker: SWA
VANCOUVER, May 14, 2013 /PRNewswire/ - Sarama Resources Ltd. (the "Company") wishes to announce that it has issued 141,192 common shares of the Company yesterday as part of the consideration for the purchase of two exploration properties located on the Banfora Belt in south-western Burkina Faso, West Africa. The agreement to acquire the properties was previously announced on August 27, 2012.
The common shares are subject to a statutory hold period which expires four months from the date of issue.
For further information on the Company's activities, please contact:
Andrew Dinning or Paul Schmiede
telephone: +61 8 9363 7600
About Sarama Resources Ltd.
Sarama Resources Ltd. is a Canadian company with a focus on the exploration and development of gold deposits in West Africa. The board of directors and management team, a majority of whom are founders of the Company, are seasoned resource industry professionals with extensive experience in the exploration and development of world-class gold projects in Africa.
The South Houndé Project in south-west Burkina Faso is the Company's flagship property and is currently the focus of an aggressive exploration program to increase the size of its maiden discovery and to test gold-in-soil anomalies located in a 30km-long structural corridor. Recent drilling programs at the South Houndé Project have intersected significant mineralisation in several prospect areas which the Company is actively following up. The Company has built substantial early stage exploration landholdings in prospective and underexplored areas of Burkina Faso (3,100 km²), Liberia (>880 km²) and Mali (>560 km²) and is aggressively exploring across the property portfolio.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Sarama Resources Limited
More by this Source
Sarama Resources Ltd. - Corporate Update
Jan 30, 2014, 19:45 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.