Sarama Resources (TSE:SWA) has released an update.
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Sarama Resources has successfully completed the first tranche of its A$2 million equity placement, issuing 66.7 million CDIs to institutional investors. The funds raised will support exploration and general working capital, while the second tranche, involving options issuance, awaits shareholder approval.
For further insights into TSE:SWA stock, check out TipRanks’ Stock Analysis page.