VANCOUVER, CANADA / TheNewswire / September 29, 2017 - Sarama Resources Limited ("Sarama" or the "Company") announces the voting results for the election of its Board of Directors, which took place at the Company's Annual and Special General Meeting held on September 28, 2017 (the "Meeting").
Voting Results
A total of 72,314,817 common shares were represented at the Meeting, representing 51.70% of the Company's issued and outstanding shares. Shareholders voted in favour of all matters brought before the Meeting including: the appointment of HLB Mann Judd as auditors and the authorization of the directors to fix the Auditor's remuneration, and (ii) the election of management's nominees as directors.
Detailed results of the votes on the election of directors are as follows:
| Item Voted Upon | Voting Result |
| To elect the Directors of the Company as set forth in the Management Information Circular of the Company dated August 18, 2017. |
The nominees proposed by management were elected as directors of the Company by a majority of votes cast by shareholders, as follows: Votes For Votes Withheld Andrew Dinning 62,137,976 (99.94%) 35,300 (0.06%) T. Sean Harvey 62,137,976 (99.94%) 35,300 (0.06%) L. Simon Jackson 62,137,976 (99.94%) 35,300 (0.06%) David A. Groves 62,137,976 (99.94%) 35,300 (0.06%) |
In addition, shareholders of the Company passed a resolution re-approving the Company's stock option plan in accordance with the policies of the TSX Venture Exchange, and as further detailed in the Management Information Circular of the Company dated August 18, 2017 (a copy of which is available under the Company's profile on SEDAR at www.sedar.com).
Appointment of Andrew Dinning as Chairman
The Company also announced that Andrew Dinning is appointed Chairman of the Board of Directors effective September 28, 2017. Mr. Dinning is a founder of Sarama and has been a director, President and Chief Executive Officer of the Company since 2010. Mr. Dinning replaces Mr. T. Sean Harvey who is stepping down from the role after 7 years as Chairman of the Company due to increasing work commitments. Mr. Harvey will remain on the Board as a Non-Executive Director.
Mr. Dinning has over 25 years experience in the international mining arena and has extensive mine management, operations and capital markets experience. Mr. Dinning has a MBA, a First Class Mine Managers Certificate (Western Australia) and a Bachelor of Engineering (Mining) degree.
ABOUT SARAMA RESOURCES LTD
Sarama Resources Ltd (TSX-V: SWA) is a West African focused gold explorer with substantial landholdings in Burkina Faso. Sarama is focused on consolidating under-explored landholdings in Burkina Faso and other established mining jurisdictions.
Sarama's flagship properties are situated within the Company's South Hounde Project area in south-west Burkina Faso. Located within the prolific Hounde Greenstone Belt, Sarama's exploration programs have built on significant early success to deliver an inferred mineral resource estimate of 2.1 Moz gold(2). Acacia Mining plc is earning up to a 70% interest in the South Hounde Project by satisfying certain conditions, including funding earn-in expenditures of up to US$14 million, over a 4-year earn-in period and may acquire an additional 5% interest, for an aggregate 75% interest in the Project, upon declaration of a minimum mineral reserve of 1.6 million ounces of gold. Acacia has satisfied certain milestones and currently holds a 50% interest in the South Hounde Project and is continuing to sole fund exploration activities.
