Serabi Gold plc Serabi Gold Plc : Results Of General Meeting And Completion Of Placing Raising Gbp6.36 Million

 
TIDMSRB 
 
   For immediate release 
 
   11 May 2018 
 
   Serabi Gold Plc 
 
   ("Serabi" or the "Company") 
 
   Results of General Meeting and Completion of Placing Raising GBP6.36 
million 
 
   Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian focused gold mining 
and development company, announces that at the General Meeting of the 
Company held on 11 May 2018, shareholders approved the ordinary and 
special resolutions (the "Placing Resolutions") proposed in the notice 
of meeting dated 13 April 2018 . 
 
   On 29 March 2018, the Company announced it had raised GBP6.36 million 
(before expenses) by way of a Placing to institutional and other 
investors (the "Placees") at a price of 3.6 pence per Ordinary Share 
(the "Placing").  The Placing will result in the issue of 176,678,445 
Ordinary Shares (the "Placing Shares").  The Placing was conditional 
upon, among other things, approval of the passing of the Placing 
Resolutions in order to give the Directors authority to allot the 
Placing Shares on a non-pre-emptive basis and admission of the Placing 
Shares to trading on AIM ("Admission"). Following the approval of the 
Placing Resolutions by shareholders, the Board of Directors of Serabi 
has now allotted the Placing Shares to the Placees conditional only upon 
Admission. 
 
   Application has been made to the London Stock Exchange for the Placing 
Shares to be admitted to trading on AIM and it is expected that this 
will take place at 8 a.m. on 15 May 2018.  Concurrently the Placing 
Shares will be listed for trading on the TSX.  The Toronto Stock 
Exchange has given conditional approval for the listing of the Placing 
Shares for trading on the TSX subject to confirmation from the Company's 
advisers that all necessary legal and regulatory procedures have been 
completed. 
 
   All capitalised terms, unless otherwise defined, shall have the meanings 
ascribed to them in the Proposed Placing announcement released by the 
Company on 29 March 2018. 
 
   Total Voting Rights 
 
   Following Admission, the Company's issued share capital will consist of 
1,175,281,434 Ordinary Shares with a nominal value of 0.5p each, with 
voting rights. The Company does not hold any Ordinary Shares in 
Treasury. Therefore, the total number of Ordinary Shares in the Company 
with voting rights will be 1,175,281,434. 
 
   The above figure of 1,175,281,434 Ordinary Shares may be used by 
shareholders in the Company as the denominator for the calculations by 
which they will determine if they are required to notify their interest 
in, or a change to their interest in, the share capital of the Company 
under the Financial Conduct Authority's Disclosure Guidance and 
Transparency Rules. 
 
   Enquiries: 
 
 
 
 
Serabi Gold plc 
Michael Hodgson                Tel: [phone] 
Chief Executive                Mobile: [phone] 
 
Clive Line                     Tel: [phone] 
Finance Director               Mobile: [phone] 
 
Email: [e-mail] 
Website: www.serabigold.com 
 
Beaumont Cornish Limited 
 Nominated Adviser 
Roland Cornish                 Tel: [phone] 
Michael Cornish                Tel: [phone] 
 
Peel Hunt LLP 
 UK Broker 
Ross Allister                  Tel: [phone] 
James Bavister                 Tel: [phone] 
 
Blytheweigh 
 Public Relations 
Tim Blythe                     Tel: [phone] 
Camilla Horsfall               Tel: [phone] 
 
 
   Copies of this release are available from the Company's website at 
www.serabigold.com. 
 
   Neither the Toronto Stock Exchange, nor any other securities regulatory 
authority, has approved or disapproved of the contents of this news 
release. 
 
   ENDS 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Serabi Gold plc via Globenewswire 
 
 
  http://www.serabigold.com 
 

(END) Dow Jones Newswires

May 11, 2018 06:45 ET (10:45 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.