SME:CC - Sama Announces Engagement of Market Maker
(TheNewswire)
Montreal, Quebec – JULY 5,2024 – TheNewswire – Sama Resources Inc.. (TSX-V: SME OTC PINK SHEETS: SAMMF)(“Sama” or the “Company”) is pleased to announce that it hasretained DS Market Solutions Inc. (“ DS Market ”) toprovide equitytrading advisory and liquidity provider services in accordance withTSXV policies and subject to the approval of theTSXV.
DS Market will trade the securities of the Company onthe TSXV for the purpose of maintaining an orderly market. Inconsideration of the services provided by DS Market, the Company willpay DS Market a monthly fee of $5,000 from the Company's availablecash for a minimum term of one month and renewable for successiveone-month terms thereafter. Either Party may terminate the arrangementby providing written notice to that effect 30 days prior to the end ofthe then current term. The services provided by DS Market willcommence on August 1 2024.
The Company and DS Market are unrelated andunaffiliated entities and DS Market has no interest, directly orindirectly in the Company or its securities. DS Market will notreceive shares or options as compensation, nor have they indicated anyimmediate intent to acquire shares of the Company through the openmarket or otherwise. The capital used for market making will beprovided by DS Market.
About DS Market
DS Market is an equity trading advisor to issuerslooking to enhance liquidity in their public traded securities. DSMarket was incorporated in Mississauga, Ontario in April 2024 and theoffices of DS Market are located in Mississauga, Ontario. Mr. DavidSears is the sole owner of DS Market and will be providing theservices on behalf of DS Market. DS Market’s contact is davidsears@dsmarketsolutions.com . .
About Sama Resources Inc.
Sama is a Canadian-based, growth-oriented resourcecompany focused on exploring the Samapleu nickel-copper project inCôte d’Ivoire, West Africa. The Company is managed by experiencedindustry professionals with a strong track record of discovery. Samais committed to advancing the Samapleu-Grata Nickel-Copper Project.Sama’s projects are located approximately 600 km northwest ofAbidjan in Côte d’Ivoire and are flanked to the west by the Ivorianand Guinean borders. Sama’s projects are located adjacent to thelarge world-class nickel-cobalt laterite deposits of Sipilou andFoungouesso, forming a 125 km-long new Base Metal Camp in West Africa.Sama owns 40% interest in the Samapleu nickel-copper project in Côted’Ivoire with its joint venture partner Ivanhoe Electric owning 60%.
For more information, please visit www.samaresources.com.
Ivanhoe Electric is a U.S. company that combinesadvanced mineral exploration technologies with electric metalsexploration projects predominantly located in the United States.Ivanhoe Electric uses its accurate and powerful Typhoon TM geophysicalsurveying system, together with advanced data analytics provided byits subsidiary, Computational Geosciences Inc., to accelerate andde-risk the mineral exploration process as weseek to discover new deposits of critical metals that may otherwise beundetectable by traditional exploration technologies. Ivanhoe Electricbelieves the United States is significantly underexplored and has thepotential to yield major new discoveries of critical metals. IvanhoeElectric’s mineral exploration efforts focus on copper as well asother metals including nickel, vanadium, cobalt, platinum groupelements, gold and silver. Through the advancement of its portfolio ofelectric metals exploration projects, headlined by the Santa CruzCopper Project in Arizona and the Tintic Copper-Gold Project in Utah,as well as other exploration projects in the United States, it intendsto support United States supply chain independence by finding anddelivering the critical metals necessary for the electrification ofthe economy. Ivanhoe Electric also operate a 50/50 joint venture withSaudi Arabian Mining Company Ma’aden to explore for minerals on~48,500 km 2 of underexplored Arabian Shield in the Kingdom of SaudiArabia. Website: www.ivanhoeelectric.com .
Contact Information:
Dr. Marc-Antoine Audet, P. Geo, President and CEO
Tel: (514) 726-4158
Mr. Matt Johnston, Vice President of CorporateDevelopment
Tel: (604) 443-3835
Renmark Financial Communications Inc.
Bettina Filippone
bfilippone@renmarkfinancial.com
Tel: (416)-644-2020 or (212)-812-7680
www.renmarkfinancial.com
Forward-Looking Statements
Certain of the statements made and informationcontained herein are "forward-looking statements" or“forward-looking information” within the meaning of Canadiansecurities legislation. Forward-looking statements and forward-lookinginformation such as “will”, could”, “expect”,“estimate”, “evidence”, “potential”, “appears”,“seems”, “suggest”, are subject to a variety of risks anduncertainties which could cause actual events or results to differfrom those reflected in the forward-looking statements orforward-looking information, including, without limitation, theability of the company to convert resources in reserves, its abilityto see through the next phase of development on the project, itsability to produce a pre-feasibility study or a feasibility studyregarding the project, its ability to execute on its development plansin terms of metallurgy or exploration, the availability of financingfor activities, risks and uncertainties relating to the interpretationof drill results and the estimation of mineral resources and reserves,the geology, grade and continuity of mineral deposits, the possibilitythat future exploration, development or mining results will not beconsistent with the Company's expectations, metal price fluctuations,environmental and regulatory requirements, availability of permits,escalating costs of remediation and mitigation, risk of title loss,the effects of accidents, equipment breakdowns, labour disputes orother unanticipated difficulties with or interruptions in explorationor development, the potential for delays in exploration or developmentactivities, the inherent uncertainty of cost estimates and thepotential for unexpected costs and expenses, commodity pricefluctuations, currency fluctuations, expectations and beliefs ofmanagement and other risks and uncertainties.
In addition, forward-looking statements andforward-looking information are based on various assumptions. Shouldone or more of these risks and uncertainties materialize, or shouldunderlying assumptions prove incorrect, actualresults may vary materially from those described in forward-lookinginformation or forward-looking statements. Accordingly, readers areadvised not to place undue reliance on forward-looking statements orforward-looking information. Except as required under applicablesecurities legislation, the Company undertakes no obligation topublicly update or revise forward-looking statements orforward-looking information, whether as a result of new information,future events or otherwise.
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