TSX-V Ticker: SWA
VANCOUVER, May 14, 2013 /CNW/ - Sarama Resources Ltd. (the "Company") wishes to announce that it has issued 141,192 common shares of the
Company yesterday as part of the consideration for the purchase of two
exploration properties located on the Banfora Belt in south-western
Burkina Faso, West Africa. The agreement to acquire the properties was
previously announced on August 27, 2012.
The common shares are subject to a statutory hold period which expires
four months from the date of issue.
For further information on the Company's activities, please contact:
Andrew Dinning or Paul Schmiede
telephone: +61 8 9363 7600
About Sarama Resources Ltd.
Sarama Resources Ltd. is a Canadian company with a focus on the
exploration and development of gold deposits in West Africa. The board
of directors and management team, a majority of whom are founders of
the Company, are seasoned resource industry professionals with
extensive experience in the exploration and development of world-class
gold projects in Africa.
The South Houndé Project in south-west Burkina Faso is the Company's
flagship property and is currently the focus of an aggressive
exploration program to increase the size of its maiden discovery and to
test gold-in-soil anomalies located in a 30km-long structural corridor.
Recent drilling programs at the South Houndé Project have intersected
significant mineralisation in several prospect areas which the Company
is actively following up. The Company has built substantial early stage
exploration landholdings in prospective and underexplored areas of
Burkina Faso (3,100 km²), Liberia (>880 km²) and Mali (>560 km²) and is
aggressively exploring across the property portfolio.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE: Sarama Resources Limited