Sun Valley Gold Master Fund, a 10% Holder, acquired 20,000,000 Common Shares on a direct ownership basis at a price of $0.085 through a prospectus or prospectus exempt offering on April 30th, 2019. This represents a $1,700,000 investment into the company's shares and an account share holdings change of 76.0%.
On the same terms, Andrew Robert Mune Dinning, CEO and Director, acquired 2,350,000 Common Shares on a direct ownership basis. This represents a $199,750 investment into the company's shares and an account share holdings change of 26.2%. Paul Schmiede, a Senior Officer, acquired 350,000 Common Shares on a direct ownership basis. This represents a $29,750 investment into the company's shares and an account share holdings change of 33.3%. Jack Hamilton, a Senior Officer, acquired 300,000 Common Shares on a direct ownership basis. This represents a $25,500 investment into the company's shares and an account share holdings change of 6.0%. Finally, Luigi Evangelista, CFO, acquired 117,647 Common Shares on a direct ownership basis. This represents a $10,000 investment into the company's shares and an account share holdings change of greater than 100%.
Sarama Resources is in the Gold Sub Industry Group under the Basic Materials Sector.
Sarama Resources Ltd. is an exploration-stage company engaged in the acquisition, exploration and development of mineral properties. The Company's principal business objective is to explore for and develop gold deposits in West Africa. It has exploration landholdings in Burkina Faso, Liberia and Mali. Its Burkina Faso properties cover an area of approximately 2,775 square kilometers; Liberia properties cover an area of over 780 square kilometers, and Mali properties cover an area of approximately 110 square kilometers. Its focuses on South Hounde Project, which is situated in southwest Burkina Faso near the borders of Ghana and Cote d'Ivoire and south-west of the national capital of Ouagadougou. The South Hounde Project is located in the Hounde Belt, which hosts the Mana Gold Mine and Hounde Gold Project. The Tankoro property is part of its South Hounde Project. The Company has interests, both directly and indirectly, covering a total area of over 2,800 square kilometers in area.
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