Sama enters into Share Purchase Agreement for sale of 4,000,000 shares in SRG Mining Inc.
TSX Venture Symbol: SME
SAMA RESOURCES INC./
RESSOURCES SAMA INC.
Suite 132, 1320 Graham
Ville Mont-Royal, Québec
Canada, H3P 3C8
NR 2022-06
Sama enters into Share Purchase Agreement for sale
of 4,000,000 shares in SRG Mining Inc.
Montreal, Quebec – June 1, 2022 – Sama Resources Inc. (“Sama”) (TSXV: SME | OTC-PK: SAMMF)
wishes to announce that it has entered into a Share Purchase Agreement (the “Agreement ”) to
sell 4,000,000 shares (the “Common Shares) of SRG Mining Inc. (“SRG”), for an aggregate purchase
price (the “Purchase Price”) of CDN$ 2,800,000 (the “Transaction”). The Transaction closed on June
1, 2022.
The Transaction is subject to applicable securities laws and regulations of the TSX Venture Exchange.
Immediately prior to the Transaction, Sama held direct ownership and control of 19,180,377 common
shares of SRG, representing 16.875% of the issued and outstanding shares of SRG. After the
closing date, Sama will then own 15,180,377 common shares of SRG, representing 13.356% of the
issued and outstanding shares of SRG.
The Common Shares were held by Sama for investment purposes. Sama may, depending on market
and other conditions, increase or decrease its beneficial ownership of SRG's securities, whether in the
open market by privately negotiated agreements or otherwise, subject to a number of factors, including
general market conditions and other available investment and business opportunities.
The Company has filed an Early Warning Report dated June 1, 2022 with respect to the Transaction.
ABOUT SAMA RESOURCES INC.
Sama is a Canadian-based mineral exploration and development company with projects in West Africa
and now in Canada.
On March 19, 2021 Sama formalised a Joint Venture Agreement Ivanhoe Electric Inc, a private mineral
exploration company in which mining entrepreneur Robert Friedland is a significant stakeholder, in order
to develop its Ivorian Nickel-Copper and Cobalt project in Côte d’Ivoire, West-Africa. For more information
about Sama, please visit Sama’s website at http://www.samaresources.com.
FOR FURTHER INFORMATION, PLEASE CONTACT:
SAMA RESOURCES INC./RESSOURCES SAMA INC.
Dr. Marc-Antoine Audet, President and CEO
Tel: (514) 726-4158
OR
Mr. Matt Johnston, Corporate Development Advisor
Tel: (604) 443-3835
Toll Free: 1 (877) 792-6688, Ext. 5
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain of the statements made and information contained herein are "forward -looking statements" or
“forward-looking inf ormation” within the meaning of Canadian securities legislation. Forward -looking
statements and forward -looking information such as “will”, could”, “expect”, “estimate”, “evidence”,
“potential”, “appears”, “seems”, “suggest”, are subject to a variety of risks and uncertainties which could
cause actual events or results to differ from those reflected in the forward-looking statements or forward-
looking information.
In addition, forward -looking statements and forward -looking information are based on various
assumptions. Should one or more of these risks and uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially from those described in forward-looking
information or forward-looking statements. Accordingly, readers are advised not to place undue reliance
on forward -looking statements or forward -looking information. Except as required under applicable
securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking
statements or forward -looking information, whether as a result of new information, future events or
otherwise.