Sarama Resources Completes A$2M Equity Placement and ASX Cleansing Notice
Sarama Resources Limited, a gold exploration and development company focused on West Africa, has successfully completed an equity placement to raise A$2 million. The capital raised is aimed at advancing the company’s exploration and development projects in Burkina Faso.
The equity placement, which was managed by a leading Australian-based investment bank, saw a strong interest from both existing and new institutional and sophisticated investors. This successful fundraising initiative demonstrates the confidence investors have in Sarama’s strategy, management team, and the potential of its projects.
Sarama’s key projects in Burkina Faso include the South Houndé Project and the Bondi Project. The South Houndé Project is located in the prolific Houndé Belt, which hosts several world-class gold deposits. The project has significant exploration potential, and Sarama has been actively advancing exploration activities to delineate additional mineral resources.
The Bondi Project, located in the highly prospective Houndé Belt, is another key asset in Sarama’s portfolio. The project has already delivered positive exploration results, and the company is planning to further expand its resource base through systematic exploration programs.
In addition to advancing its core projects, Sarama is committed to maintaining a strong social license to operate and implementing sustainable practices. The company values its relationships with local communities and works closely with stakeholders to ensure responsible mining practices that benefit both the environment and local populations.
As part of the equity placement, Sarama has also lodged an ASX Cleansing Notice to comply with the Australian Securities Exchange regulations. The company has taken all necessary steps to ensure transparency and compliance with listing rules, providing investors with confidence in the integrity of the fundraising process.
Looking ahead, Sarama remains focused on unlocking the value of its projects, driving exploration success, and delivering long-term value for its shareholders. With a solid financial position following the successful equity placement, the company is well-positioned to execute its growth strategy and capitalize on opportunities in the dynamic gold mining sector.
