Sama announces correction to news release
21 Dezember 2019 - 2:00AM
Sama Resources Inc. (“Sama”) (TSX-V: SME | OTC-PK: SAMMF) wishes to
correct an error in its press release entitled “HPX Exercises
CAD$5,000,000 in Warrants Continuing its Strategic Investment in
Sama” issued December 19, 2019 (the “December 19 Press Release”).
After the exercise by HPX Ivory Coast Holdings
Inc. (“HPX”) of its 17,857,143 share purchase
warrants of Sama on December 19, 2019, HPX now holds 23.11% of the
equity of Sama rather than the 27% equity position referred to in
the December 19 Press Release. This correction does not
change any other amounts or information reported in the December 19
Press Release.
About HPX
HPX is a subsidiary of High Power Exploration
Inc., a privately-owned, metals-focused exploration company
deploying proprietary in-house geophysical technologies to rapidly
evaluate buried geophysical targets. High Power Exploration’s
technology cluster comprises geological and geophysical systems for
targeting, modelling, survey optimization, acquisition, processing
and interpretation. High Power Exploration Inc. has a highly
experienced board and management team led by Chief Executive
Officer Robert Friedland and President Eric Finlayson, a former
head of exploration at Rio Tinto. For further information, please
visit www.hpxploration.com.
About Sama Resources
Sama is a Canadian-based mineral exploration and
development company with projects in West Africa. On October 23,
2017, Sama announced that it had entered into a binding term sheet
in view of forming a strategic partnership with HPX TechCo Inc., a
private mineral exploration company in which mining entrepreneur
Robert Friedland is a significant stakeholder, in order to develop
its Côte d’Ivoire 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 CEOTel: (514) 726-4158
OR
Matt Johnston, Corporate Development AdvisorTel: (604)
443-3835Toll 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 information” within the meaning of Canadian
securities legislation. Forward-looking statements and
forward-looking information 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.
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