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Address: 8 - 245 Churchill Rd
Phone: 61 8 9363 7600
Fax: 61 8 9382 4309
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Warrant Symbol - SWA.WT
Number  Trading - 9,583,333
Expiration Date - November 2, 2013
Exercise Price - $0.90
Cusip - 803160 11 8

Warrants called to trade news:

Sarama Resources to list on TSX-V Nov. 3

2011-11-02 14:41 MT - New Listing

Sarama Resources Ltd.'s initial public offering prospectus dated Oct. 26, 2011, has been filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the B.C. and Ontario securities commissions on Oct. 26, 2011, pursuant to the provisions of the B.C. and Ontario securities acts.

The gross proceeds received by the company for the offering were $16,684,840 (16,666,666 common shares at 90 cents per share plus 1,872,045 shares at 90 cents per share pursuant to the overallotment option). The company is classified as a mineral exploration company.

Commence date: At the opening Nov. 3, 2011, the common shares and share purchase warrants will commence trading on the TSX Venture Exchange.

Capitalization: Unlimited common shares with no par value of which 51,493,312 common shares are issued and outstanding

Trading symbol: SWA
Cusip No.: 803160 10 0

Capitalization on warrants: 9,583,333 share purchase warrants authorized, 9,269,356 issued and outstanding. Each share purchase warrant entitles the holder to purchase one common share at $1.20 per share to Saturday, Nov. 2, 2013.

Warrant trading symbol: SWA.WT
Warrant Cusip No.: 803160 11 8

Greenshoe option: The company has granted a greenshoe option entitling the agents to purchase a total of 2.5 million units at a price of 90 cents up to the close of business on Dec. 2, 2011. At closing the agents have overallotted the offering to the extent of 1,872,045 units.

Agent's warrants: 973,656 non-transferable share purchase warrants. One warrant to purchase one share at 90 cents per share up to Nov. 2, 2013.

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