03:42:45 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Sama Resources Inc
Symbol SME
Shares Issued 159,414,000
Close 2018-01-09 C$ 0.42
Market Cap C$ 66,953,880
Recent Sedar Documents

Sama Resources completes warrant acceleration

2018-01-09 09:07 ET - News Release

Dr. Marc-Antoine Audet reports

SAMA RESOURCES ANNOUNCES COMPLETION OF WARRANT ACCELERATION

Further to its news release dated Nov. 29, 2017, Sama Resources Inc. has successfully completed the acceleration of its share purchase warrants issued under the non-brokered private placement announced on April 7, 2017. Of the 18,778,928 warrants, 18,776,528 were exercised at a price of 20 cents per warrant for gross proceeds of $3,755,306. The remaining 2,400 warrants are cancelled. The company is well positioned to continue its exploration and development activities.

Dr. Marc-Antoine Audet, president and chief executive officer, stated: "We are pleased with the strong show of support from our shareholders through the exercise of the warrants and over $3.7-million in proceeds. The additional capital will ensure the company is well funded to advance its exploration projects to the next stage and follow up on the encouraging results received to date."

About Sama Resources Inc.

Sama is a Canadian-based mineral exploration and development company with projects in West Africa. On Oct. 23, 2017, Sama announced that it had entered into a binding term sheet in view of forming a strategic partnership with HPX TechCo Inc. for the development of its Cote d'Ivoire nickel-copper and cobalt project in Ivory Coast, West Africa.

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