/NOT FOR DISTRIBUTION TO A
The Private Placement will be conducted on a non-brokered basis to institutional and accredited investors under applicable securities laws and is subject to regulatory approvals including the approval of the
The proceeds of the Private Placement will be used principally to fund diamond drilling at the Company's properties in
These securities have not been and will not be registered under the United States Securities Act of 1933, as amended, (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within
For further information on the Company's activities, please contact:
t: +61 (0) 8 9363 7600
Sarama's flagship properties are situated within the Company's South HoundÉ Project area in south-west
Incorporated in 2010, the Company's Board and management team have a proven track record in
- •29.13 Mt @ 1.6 g/t Au (at a 0.8 g/t Au cut-off)•The effective date of the Company's Mineral Resource estimate is
CAUTION REGARDING FORWARD LOOKING STATEMENTS
Information in this news release that is not a statement of historical fact constitutes forward-looking information. Such forward-looking information includes statements regarding the size of the Private Placement, participation rates of existing shareholders and management in the Private Placement, and the Company's planned use of proceeds from the Private Placement. 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, the number and size of the subscriptions received in the Private Placement, general market conditions, the price of gold and other commodities, 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 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.