THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES 


Sama Resources Inc. (TSX VENTURE:SME) ("Sama" or the "Company") is pleased to
announce the closing of its previously announced non-brokered private placement
(the "Private Placement") with MMG Exploration Holdings Limited, a subsidiary of
MMG Limited (HKSE 1208) ("MMR"); International Finance Corporation ("IFC"); and
others of 12,825,000 units (the "Units"). The Units were issued at a price of
CAN$0.20 per Unit, for total gross proceeds of CAN$2,565,000. Each Unit is
comprised of one common share of the Company (a "Share") and one-half of one
share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder to
purchase for a period of one year from the date of issuance (the "Expiry Date"),
one additional Share (a "Warrant Share"), at an exercise price of CAN$0.30 per
Warrant Share until the Expiry Date.


No finders' fees or commissions were payable in connection with the Private
Placement. Net proceeds from the Private Placement will be used for the
advancement of the Company's exploration and development programs for the
Samapleu Project in Cote d'Ivoire and for general working capital purposes
related thereto. The Shares and Warrants comprised in the Units and any Warrant
Shares issuable upon exercise of the Warrants are subject to a hold period which
expires on October 1, 2013. 


Sama is a Canadian-based mineral exploration and development company with
projects in West Africa. For more information about Sama, please visit Sama's
website at http://www.samaresources.com.


Forward Looking Statements 

This release contains forward looking statements. More particularly, this
release contains statements concerning the Private Placement. Although Sama
believes that the expectations reflected in these forward looking statements are
reasonable, undue reliance should not be placed on them because Sama can give no
assurance that they will prove to be correct. Since forward looking statements
address future events and conditions, by their very nature they involve inherent
risks and uncertainties. Additional information on these and other factors that
could affect Sama's operations and financial results are included in reports on
file with Canadian securities regulatory authorities and may be accessed through
the SEDAR website (www.sedar.com).


FOR FURTHER INFORMATION PLEASE CONTACT: 
Sama Resources Inc.
Dr. Marc-Antoine Audet
President and CEO
(514) 726-4158
ceo@samaresources.com


Sama Resources Inc.
Mr. Matt Johnston
(604) 443-3835 or Toll Free: 1 (877) 792-6688, Ext. 4
info@samaresources.com
www.samaresources.com

Sama Resources (TSXV:SME)
Gráfica de Acción Histórica
De May 2024 a Jun 2024 Haga Click aquí para más Gráficas Sama Resources.
Sama Resources (TSXV:SME)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024 Haga Click aquí para más Gráficas Sama Resources.