Sarama Completes Final Placement Tranche as Directors Receive New Securities
Closing price · 2026-10-27: $0.030 · +0.00%
Sarama Resources completed the second tranche of its previously announced A$1.5 million placement, raising approximately A$82,000; the first tranche raised approximately A$1.4 million, making the second tranche substantially smaller. The company also issued performance rights to key management, including directors, following shareholder approval, while director notices disclose changes in their interests. Placement proceeds are intended to support exploration and working capital as Sarama pursues its damages claim against Burkina Faso.