Aureus Mining Inc. (TSX:AUE) agreed to acquire Sarama Resources Liberia Ltd from Sarama Resources Limited (TSXV:SWA) for CAD 0.9 million in stock on November 3, 2015. Under the terms of the agreement Aureus Mining will issue 2.6 million shares at 0.35 per share. The Cape Mount, Cape Mount West and Cape Mount East licenses are held by Sarama Resources Liberia Ltd. The transaction is subject to all required governmental and regulatory approvals, including the approval of the Toronto Stock Exchange. John Prior, James Black and Paul Gillam of Numis Securities Limited acted as financial advisors to Aureus Mining. Richard Greenfield of GMP Securities Europe LLP acted as the broker to Aureus Mining Inc. Bobby Morse and Anna Michniewicz of Buchanan acted as the public relations advisors to Aureus Mining.

As of December 21, 2015 the share consideration has been revised to 6.6 million shares.

Aureus Mining Inc. (TSX:AUE) completed the acquisition of Sarama Resources Liberia Ltd from Sarama Resources Limited (TSXV:SWA) on January 6, 2016.