Serabi Gold plc Notice Of Annual General Meeting

 
TIDMSRB 
 
 
   For immediate release 
 
   17 May 2019 
 
   Serabi Gold plc 
 
   ("Serabi" or the "Company") 
 
   Notice of Annual General Meeting and Special Meeting(1) 
 
   The Company announces that its Annual General Meeting will be held on 
Friday 14 June 2019, at the offices of Farrer & Co. LLP, 20/23 Lincoln's 
Inn Fields London WC2A 3LH England at 3.30 pm. The Company has published 
the formal notice of the meeting (the "Notice") on its website which can 
be accessed using the following link  https://bit.ly/2VYvWtO.  Proxy 
voting forms are being posted to all shareholders providing details of 
how to access the Notice and instructions for voting.  A copy of the 
Notice together with proxy voting forms and a copy of the 2018 Annual 
Report is being posted to all shareholders who are required to receive 
or have formally requested to receive these documents. 
 
   Copies of the 2018 Annual Report are available from the Company's 
website at www.serabigold.com. 
 
   The Notice contains a letter from the Chairman of the Company, Mr Mel 
Williams, which is set out below in Appendix 1. 
 
   (1)           Certain resolutions to be proposed at the meeting will be 
special resolutions requiring approval of more than 75% of the votes 
cast. Under Canadian National Instrument 54-101, the meeting therefore 
also constitutes a Special Meeting. 
 
   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] 
 
 
   Copies of this announcement 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 
announcement. 
 
   Appendix 1 
 
   The letter from the Chairman of the Company included in the Notice is 
reproduced below (without material adjustment or amendment): 
 
   "Dear Shareholder 
 
   This document provides the formal notice (the "Notice") of the 2019 
Annual General Meeting and Special Meeting of the Company to be held at 
the offices of Farrer & Co LLP, 20/23 Lincoln's Inn Fields, London WC2A 
3LH, England on 14 June 2019 at 3.30pm (London time) (the "Meeting"). 
This document also includes additional information that the Company as a 
"reporting issuer" in Canada is required to make available pursuant to 
the requirements of National Instrument 51-102 -- Continuous Disclosure 
Obligations ("NI 51-102") of the Canadian Securities Administrators. 
 
   Background 
 
   The matters being considered at the 2019 Annual General Meeting and 
Special Meeting set out in the Notice are for the most part, items that 
are routinely considered at such meetings.  As the Company has 
previously advised, 2019 is expected to be a year where the Company will 
make significant progress towards it ambitions of becoming a 100,000 
ounce per year gold producer.  Both the Palito and Sao Chico Gold Mines 
are now in a steady state with gold production for 2019 expected to be 
in the range of 40,000 to 44,000 ounces for the year.  Management are 
progressing the permitting process for the Coringa project acquired at 
the end of 2017 and the Company will progress exploration activity on 
its projects, in particular around the Sao Chico deposit following the 
very successful programmes completed during 2018. 
 
   The Company is well funded to significantly advance its immediate growth 
plans and it is possible that exploration at Palito and Sao Chico could 
provide greater expansion opportunities than are currently planned for. 
Meanwhile the Board remains keen to look at other opportunities within 
Brazil where Serabi's management can add value and enhance a project for 
the benefit of Serabi's shareholders. 
 
   The Board believes that opportunities to advance the development and 
growth of the Company may arise over the next twelve months and for this 
reason is requesting Shareholders to authorise the Board to issue new 
shares to allow the Company to pursue and commit to these opportunities 
quickly as and when they arise. 
 
   Recommendation 
 
   The Directors consider that the resolutions set out in the Notice being 
put to the Annual General Meeting and Special Meeting are in the best 
interests of the Company and its Shareholders and are most likely to 
promote the success of the Company for the benefit of the Shareholders 
as a whole. 
 
   Accordingly, the Directors unanimously recommend that Shareholders vote 
in favour of the proposed resolutions as they intend to do in respect of 
their own holdings, where relevant, amounting to an aggregate of 
1,262,345 Ordinary Shares, representing approximately 2.14 per cent of 
the Company's Ordinary Shares in issue as of the date of this Circular. 
 
   Yours faithfully 
 
   (Signed) "Melvyn Williams" 
 
   Melvyn Williams 
 
   Non-executive Chairman" 
 
   ENDS 
 
 
 
 

(END) Dow Jones Newswires

May 17, 2019 02:01 ET (06:01 GMT)

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