IFC Sells Common Shares of Sama Resources Inc.

WASHINGTON, DC, Jan. 31, 2017 /CNW/ - IFC, a member of the World Bank Group, announces the sale of certain common shares of Sama Resources Inc. (Sama).

On December 5, 2016 IFC sold, and disposed of ownership and control over, a total of 370,000 common shares of Sama at an average price of CDN$0.10 through the facilities of the TSX Venture Exchange for total gross proceeds of CDN$37,000.  Then, on January 20, 2017, IFC sold, and disposed of ownership and control over, a total of 178,000 common shares of Sama at an average price of CDN$0.085 through the facilities of the TSX Venture Exchange for total gross proceeds of CDN$15,130.  Following on January 25, 2017 IFC sold, and disposed of ownership and control over, a total of 257,000 common shares of Sama at an average price of CDN$0.0871 through the facilities of the TSX Venture Exchange for total gross proceeds of CDN$22,384.70. Then on January 26, 2017 IFC sold, and disposed of ownership and control over, a total of 585,000 common shares of Sama at an average price of CDN$0.0850 through the facilities of the TSX Venture Exchange for total gross proceeds of CDN$49,725.  Then  January 27, 2017, IFC sold, and disposed of ownership and control over, a total of 8,427,000 common shares of Sama at an average price of CDN$0.081 through the facilities of the TSX Venture Exchange for total gross proceeds of CDN$681,744.30. Subsequently, on January 30, 2017, IFC sold, and disposed of ownership and control over, a total of 2,630,163 common shares of Sama at an average price of CDN$0.084 through the facilities of the TSX Venture Exchange for total gross proceeds of CDN$220,114.64 (collectively, the Sold Shares).

The 12,447,163 Sold Shares represented, respectively, approximately 10.8% of the total issued and outstanding common shares of Sama assuming 114,905,287 common shares of Sama are outstanding.  The Sold Shares were sold for a total gross proceeds of CDN$1,026,098.64.

IFC previously held 12,447,163 common shares representing approximately 10.8% of the total issued and outstanding common shares of Sama, or 12.8% assuming the exercise of all 2,590,909 warrants held by IFC.  Following the sale of the Sold Shares, IFC holds no common shares of Sama and, assuming the exercise of IFC's remaining 2,590,909 warrants which are due to expire on June 19, 2018, IFC will hold will or 2.2% of the total issued and outstanding common share of Sama.

IFC executed these transactions as part of its regular portfolio management.  It will maintain its remaining holdings in Sama for investment purposes and may, in the future, take such actions in respect of its holdings as it deems appropriate in light of the circumstances then existing.

Sama's head office is located at: Suite 132, 1320 Graham, Ville Mont-Royal, Quebec, H3P 3C8.

About IFC

IFC, 2121 Pennsylvania Avenue, N.W., Washington, D.C. 20433, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use our capital, expertise, and influence, to create opportunity where it's needed most. In FY15, our long-term investments in developing countries rose to nearly $18 billion, helping the private sector play an essential role in the global effort to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org.

SOURCE International Finance Corporation

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A copy of IFC's early warning report required to be filed in connection with the sale of common shares of Sama will appear on Sama's profile on SEDAR at www.sedar.com and may also be obtained by calling Carla Monteiro at +1 416.216.4040.