Montreal (pcJ News Briefs) – Sama Resources Inc./Ressources Sama Inc. (TSX-V: SME) intends to close a non-brokered private placement of up to 13,333,333 units at $0.15 per unit for gross proceeds of up to $2,000,000.
Each unit will be comprised of one common share and one share purchase warrant. Each whole warrant will entitle the holder thereto to purchase for a period of sixty months one additional share at an exercise price of $0.20 per share.
Net proceeds will be used for the advancement of company’s exploration and development programs and for general working capital purposes.
Sama Resources is a Canadian-based mineral exploration and development company with projects in West Africa.
photo credit: Sama Resources