Business News • MarketWire • Sun Valley Gold LLC: Control and Direction Over Common Shares and Warrants of Sarama Resources Ltd. |
Sun Valley Gold LLC: Control and Direction Over Common Shares and Warrants of Sarama Resources Ltd. |
|
|
Sun Valley Gold LLC: Control and Direction Over Common Shares and Warrants of Sarama Resources Ltd.
SUN VALLEY, IDAHO--(Marketwire - Aug. 28, 2012) - Sun Valley Gold LLC ("Sun Valley") announced today that on November 2, 2011 it acquired control and direction over 4,500,000 units ("Units") of Sarama Resources Ltd. ("Sarama Resources") on behalf of Sun Valley Gold Master Fund, Ltd. (the "Master Fund"), a client account over which it has discretionary trading authority. The Units were acquired as part of the initial public offering of Sarama Resource for a subscription price of $0.90 per Unit. Each Unit consists of one common share ("Common Share") of Sarama Resources and one half of one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one Common Share at a price of $1.20 per share until November 2, 2013.
View More : http://www.marketwire.com/mw/release.do?id=1695358&sourceType=3
|
|
|