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Sarama Completes Tranche 2 Placement and Broker Options

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Sarama Resources (OTC:SRMMF) completed Tranche 2 of a previously announced A$2.6m equity placement on 7 October 2025. Tranche 2 issued 28,888,889 free attaching unlisted placement options and 19,166,666 broker options, each exercisable at A$0.09 and expiring 30 November 2028, following shareholder approval on 2 October 2025. The earlier Tranche 1 (9 July 2025) issued 86,666,667 CDIs at A$0.03 per CDI. Tranche 3 is imminent and will issue 3,333,333 CDIs and 1,111,111 options to a director for A$100,000. Net proceeds will fund exploration at the Cosmo Gold Project, a maiden drilling campaign, working capital and progress on an arbitration claim against the Government of Burkina Faso.

Sarama Resources (OTC:SRMMF) ha completato la Tranche 2 di un placement azionario da 2,6 milioni di AUD precedentemente annunciato il 7 ottobre 2025. La Tranche 2 ha emesso 28.888.889 opzioni di collocamento non quotate con attivazione gratuita e 19.166.666 opzioni broker, ognuna esercitabile al 0,09 AUD e con scadenza 30 novembre 2028, a seguito dell'approvazione degli azionisti il 2 ottobre 2025. La precedente Tranche 1 (9 luglio 2025) ha emesso 86.666.667 CDI a 0,03 AUD per CDI. La Tranche 3 è imminente e sarà emessa 3.333.333 CDI e 1.111.111 opzioni a un direttore per 100.000 AUD. Il ricavato netto finanzierà l'esplorazione presso il Cosmo Gold Project, una maiden drilling campaign, working capital e avanzamenti su una pretensione arbitrale contro il Governo del Burkina Faso.

Sarama Resources (OTC:SRMMF) completó la Fase 2 de una colocación de acciones de 2,6 millones de AUD anunciada previamente el 7 de octubre de 2025. La Fase 2 emitió 28.888.889 opciones de colocación no cotizadas con attaching gratuitas y 19.166.666 opciones de corredor, cada una ejercitable a 0,09 AUD y con vencimiento el 30 de noviembre de 2028, tras la aprobación de los accionistas el 2 de octubre de 2025. La Fase 1 anterior (9 de julio de 2025) emitió 86.666.667 CDI a 0,03 AUD por CDI. La Fase 3 es inminente y emitirá 3.333.333 CDI y 1.111.111 opciones a un director por 100.000 AUD. Los ingresos netos financiarán la exploración en el Cosmo Gold Project, una campaña de perforación inaugural, capital de trabajo y avances en una reclamación de arbitraje contra el Gobierno de Burkina Faso.

사라마 리소스(Sarama Resources, OTC:SRMMF)2025년 10월 7일에 발표된 260만 호주달러(A$)의 자금 조달의 2단계(트랜치 2)를 완료했습니다. 트랜치 2는 28,888,889건의 비상장 배치 옵션과 19,166,666 브로커 옵션을 발행했으며, 각각 A$0.09에 행사가 가능하고 만료일은 2028년 11월 30일입니다. 이는 2025년 10월 2일 주주 승인 후 이루어졌습니다. 앞선 트랜치 1(2025년 7월 9일)에서는 86,666,667 CDI를 A$0.03당 CDI로 발행했습니다. 트랜치 3은 임박했고 이사회에 있는 한 이사에게 3,333,333 CDI와 1,111,111 옵션을 100,000 AUD에 발행할 예정입니다. 순자금은 Cosmo Gold 프로젝트의 탐사, 1차 시추 캠페인, 운영자본 및 부르키나파소 정부에 대한 중재 청구의 진행에 사용될 예정입니다.

Sarama Resources (OTC:SRMMF) a terminé la tranche 2 d'un placement d'actions d'un montant de 2,6 M A$ annoncé précédemment le 7 octobre 2025. La tranche 2 a émis 28 888 889 options de placement non cotées attachées gratuitement et 19 166 666 options de courtier, chacune exerçable à 0,09 A$ et arrivant à échéance le 30 novembre 2028, après l'approbation des actionnaires le 2 octobre 2025. La tranche 1 précédente (9 juillet 2025) a émis 86 666 667 CDI à 0,03 A$ par CDI. La tranche 3 est imminente et émettra 3 333 333 CDI et 1 111 111 options à un administrateur pour 100 000 A$. Le produit net financera l'exploration du Cosmo Gold Project, une campagne de forage initiale, le fonds de roulement et l'avancement d'une réclamation d'arbitrage contre le Gouvernement du Burkina Faso.

Sarama Resources (OTC:SRMMF) hat Tranche 2 eines zuvor bekannt gegebenen Eigenkapitalplatzierungsprogramms über 2,6 Mio. A$ am 7. Oktober 2025 abgeschlossen. Tranche 2 hat 28.888.889 unnotierte Platzierungsoptionen mit kostenlosem Attachments und 19.166.666 Broker-Optionen ausgegeben, die jeweils zu A$0,09 exercisable sind und am 30. November 2028 verfallen, nach der Aktionärsfreigabe am 2. Oktober 2025. Die vorherige Tranche 1 (9. Juli 2025) gab 86.666.667 CDI zu A$0,03 pro CDI aus. Tranche 3 ist unmittelbar bevorstehend und wird 3.333.333 CDI und 1.111.111 Optionen an einen Direktor für 100.000 A$ ausgeben. Nettoerlöse dienen der Finanzierung der Erkundung des Cosmo Gold Project, einer ersten Bohrkampagne, Betriebskapital und dem Voranschreiten einer Arbitrage-Klage gegen die Regierung von Burkina Faso.

شركة ساراما للموارد (OTC:SRMMF) أتمت Tranche 2 من ترتيب اكتتاب أسهم بقيمة 2.6 مليون دولار أسترالي كما أُعلن سابقاً في 7 أكتوبر 2025. أصدرت Tranche 2 28,888,889 خياراً غير مُدرج مع إرفاق مجاني و 19,166,666 خياراً وسيطاً، يمكن ممارستها عند 0.09 دولار أسترالي وتنتهي صلاحيتها في 30 نوفمبر 2028، وذلك بعد موافقة المساهمين في 2 أكتوبر 2025. Tranche 1 السابقة (9 يوليو 2025) أصدرت 86,666,667 CDI بسعر 0.03 دولار أسترالي لكل CDI. Tranche 3 وشيكة وستصدر 3,333,333 CDI و 1,111,111 خياراً لمدير مقابل 100,000 دولار أسترالي. ستستخدم الإيرادات الصافية لتمويل الاستكشاف في Cosmo Gold Project، حملة حفر افتتاحية، رأس المال العامل والتقدم في دعوى تحكيم ضد الحكومة في بوركينا فاسو.

Sarama Resources (OTC:SRMMF) 完成了先前公告的200万澳元权益配售的第2阶段,日期为 2025年10月7日。第2阶段发行了 28,888,889 份免费附带的未上市配售选择权以及 19,166,666 份经纪人选择权,每份可在 A$0.09 行使,截止日期为 2028年11月30日,此举在 2025年10月2日获得股东批准后进行。早前的第1阶段(2025年7月9日)发行了 86,666,667 份 CDI,价格为每份 A$0.03。第3阶段即将到来,将向一名董事发行 3,333,333 份 CDI 和 1,111,111 份选择权,价格为 A$100,000。净募集资金将用于 Cosmo Gold Project 的勘探、初步钻探行动、运营资金以及对布基纳法索政府的仲裁诉讼的推进。

Positive
  • Tranche 1 raised A$2.6m via 86,666,667 CDIs at A$0.03
  • Tranche 3 will add A$100,000 in funds on completion
  • Proceeds allocated to maiden drilling and infill soil geochemistry at Cosmo Gold
Negative
  • Issued 86,666,667 CDIs and 3,333,333 Director CDIs leading to material share issuance
  • 28,888,889 placement options and 19,166,666 broker options create potential dilution if exercised at A$0.09
  • Issue price of CDIs at A$0.03 reflects a low per‑share subscription level

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

VANCOUVER, BC / PERTH, AUSTRALIA, AU / ACCESS Newswire / October 7, 2025 / Sarama Resources Ltd. ("Sarama" or the "Company") (ASX:SRR)(TSX-V:SWA) is pleased to report that on 7 October 2025, it completed the second tranche of the previously announced A$2.6m equity placement (the "Placement") (refer to Sarama's news releases dated 30 June 2025 and 9 July 2025).

The second tranche of the Placement ("Tranche 2") consisted of 28,888,889 free attaching unlisted options (each a "Placement Option") and 19,166,666 broker options (each a "Broker Option" and together with the Placement Options, the "Options"), with each Option exercisable at A$0.09 and expiring on 30 November 2028. The issuance of the Tranche 2 Options was subject to shareholder approval which was obtained at the special meeting held on 2 October 2025 (the "Meeting").

The first tranche of the Placement, completed on 9 July 2025, raised aggregate gross proceeds of A$2,600,000 with the Company issuing 86,666,667 CDIs at an issue price of A$0.03 per CDI.

Tranche 2 of the Placement was issued to institutional and other sophisticated and professional investors upon receipt of shareholder approval, as required by the ASX Listing Rules, at the Meeting. An Appendix 3G was announced to the Australian Stock Exchange ("ASX") on 7 October 2025 and provides further detail on the issue of Tranche 2.

Tranche 3 of the Placement is scheduled for imminent completion and will consist of 3,333,333 CDIs and 1,111,111 attaching options to a director, Mr Andrew Dinning ("Director CDIs"). The issuance of the Placement Options and the Director CDIs to Mr Dinning was subject to shareholder approval which was obtained at the special meeting held on 2 October 2025. Funds to be received from Tranche 3 will be A$100,000.

The Placement was issued to existing shareholders and new institutional and other sophisticated and professional investors.

Funds raised will be principally used to fund exploration activities, including infill soil geochemistry and the Company's maiden drilling campaign at its belt-scale Cosmo Gold Project in the Eastern Goldfields of Western Australia. Proceeds will also fund general working capital requirements as the Company continues to progress its arbitration claim against the Government of Burkina Faso (the "Claim"). None of the proceeds from the Placement will be used for payments to non-arm's length parties or persons conducting investor relations activities.

Members of Sarama's board and management have subscribed for an aggregate 4,999,999 CDls in the Placement (inclusive of the CDIs to be issued to Mr. Dinning in Tranche 3).

This announcement was authorised by the Board of Sarama.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Andrew Dinning
Sarama Resources Ltd
e: info@saramaresources.com
t: +61 8 9363 7600

CAUTION REGARDING FORWARD LOOKING INFORMATION

Information in this news release that is not a statement of historical fact constitutes forward-looking information. Such forward-looking information includes, but is not limited to, statements regarding the intended use of proceeds from the Placement and receiving the approval of the TSXV. Actual results, performance or achievements of the Company may vary from the results suggested by such forward-looking statements due to known and unknown risks, uncertainties, and other factors. Such factors include, among others, that the business of exploration for gold and other precious minerals involves a high degree of risk and is highly speculative in nature; mineral resources are not mineral reserves, they do not have demonstrated economic viability, and there is no certainty that they can be upgraded to mineral reserves through continued exploration; few properties that are explored are ultimately developed into producing mines; geological factors; the actual results of current and future exploration; changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's publicly filed documents.

There can be no assurance that any mineralisation that is discovered will be proven to be economic, or that future required regulatory licensing or approvals will be obtained. However, the Company believes that the assumptions and expectations reflected in the forward-looking information are reasonable. Assumptions have been made regarding, among other things, the Company's ability to carry on its exploration activities, the sufficiency of funding, the timely receipt of required approvals, the price of gold and other precious metals, that the Company will not be affected by adverse political and security-related events, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain further financing as and when required and on reasonable terms. Readers should not place undue reliance on forward-looking information.

Sarama does not undertake to update any forward-looking information, except as required by applicable laws.

SOURCE: Sarama Resources Ltd.



View the original press release on ACCESS Newswire

FAQ

What did Sarama (OTC:SRMMF) complete on 7 October 2025?

Sarama completed Tranche 2 of a A$2.6m placement, issuing placement and broker options exercisable at A$0.09 expiring 30 Nov 2028.

How many CDIs and options were issued in Tranche 1 and Tranche 2 for SRMMF?

Tranche 1 issued 86,666,667 CDIs at A$0.03 per CDI; Tranche 2 issued 28,888,889 placement options and 19,166,666 broker options.

What will Sarama (SRMMF) use the placement proceeds for?

Proceeds will fund exploration, infill soil geochemistry, the maiden drilling campaign at Cosmo Gold, general working capital and progress on an arbitration claim.

What are the terms of the options issued in Tranche 2 for SRMMF?

Each option is unlisted, exercisable at A$0.09 and expires on 30 November 2028.

Will Sarama directors participate in the placement (SRMMF)?

Yes; board and management subscribed for an aggregate 4,999,999 CDIs, including Director CDIs to Andrew Dinning.

How much additional cash will Tranche 3 add for Sarama (SRMMF)?

Tranche 3 is expected to raise A$100,000 from issuance of 3,333,333 CDIs and 1,111,111 attaching options to a director.
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