00:05:39 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



Sama Resources Inc
Symbol SME
Shares Issued 220,068,440
Close 2024-01-15 C$ 0.10
Market Cap C$ 22,006,844
Recent Sedar Documents

Sama Resources amends ITG market-making deal

2024-01-15 17:15 ET - News Release

Dr. Marc-Antoine Audet reports

SAMA ANNOUNCES ENGAGEMENT OF MARKET MAKER

Further to Sama Resources Inc.'s news release dated Dec. 29, 2023, the company retained Independent Trading Group (ITG) to provide market-making services in accordance with TSX Venture Exchange policies.

ITG will trade the securities of the company on the TSXV for the purpose of maintaining an orderly market. In consideration of the services provided by ITG, the company will pay ITG a monthly fee of $5,000 from the company's available cash for a minimum term of one month and renewable for successive one-month terms thereafter. Either party may terminate the arrangement by providing written notice to that effect 30 days prior to the end of the then current term. The services provided by ITG commenced on Aug. 21, 2023.

The company and ITG are unrelated and unaffiliated entities and ITG has no interest, directly or indirectly, in the company or its securities. ITG will not receive shares or options as compensation, nor have they indicated any immediate intent to acquire shares of the company through the open market or otherwise. The capital used for market making will be provided by ITG.

About Sama Resources Inc.

Sama is a Canadian-based, growth-oriented resource company focused on exploring the Samapleu nickel-copper project in Ivory Coast, West Africa. The company is managed by experienced industry professionals with a strong record of discovery. Sama is committed to developing and exploiting the Samapleu nickel-copper and platinum group element resources.

Sama's projects are located approximately 600 kilometres northwest of Abidjan in Ivory Coast and are flanked to the west by the Ivorian and Guinean borders. Sama's projects are located adjacent to the large world-class nickel-cobalt laterite deposits of Sipilou and Foungouesso, forming a 125 km long new base metal camp in West Africa.

Sama owns 70-per-cent interest in the Samapleu nickel-copper project in Ivory Coast with its joint venture partner Ivanhoe Electric owning 30 per cent. Ivanhoe Electric has the option to purchase up to a 60-per-cent interest in the project.

We seek Safe Harbor.

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