JOHANNESBURG (miningweekly.com) – TSX-V-listed Sarama Resources last week announced the completion of its C$1.85-million private placement.
Sarama issued 10.27-million common shares to raise proceeds to advance resource exploration of properties in Burkina Faso, and for general working capital purposes.
Sun Valley Gold Master Fund, which owns about 15% of the company's outstanding shares, purchased a total of 1.66-million shares in the private placement.