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Sama Resources Inc Announces CAD2,565,000 Private Placement


Thursday, 9 May 2013 07:00am EDT 

Sama Resources Inc announced that a non-brokered private placement (the Private Placement) with MMG Exploration Holdings Limited (formerly MMR Exploration Limited) (MMR), a subsidiary of MMG Limited (HKSE 1208), International Finance Corporation (IFC) and others of 12,825,000 units (the Units) at a price of CAD0.20 per Unit, for total gross proceeds of CAD2,565,000. Each Unit will be comprised of one common share of the Company (a Share) and one-half of one share purchase warrant (a Warrant). Each whole Warrant will entitle the holder thereto to purchase for a period of one year one additional Share (a Warrant Share) at an exercise price per Warrant Share of CAD0.30. On completion of the Private Placement it is contemplated that IFC will hold in excess of 10% of the outstanding common shares of Sama. 

Company Quote

0.18
-0.01 -5.26%
17 Apr 2014