Serabi Gold Plc

Fratelli Investments acquired an aggregate of 152,500,000 ordinary shares of Serabi Gold and 76,250,000 warrants. The Shares and warrants were acquired through the subscription by the Offeror for units at a price of 5 pence per unit for aggregate consideration of UK£7,625,000 in connection with a private placement offering of units by the Corporation (the "Offering"). Each unit comprised one ordinary share and one half [...]

Serabi, the Brazilian focused gold exploration and development company, is pleased to announce that all resolutions were passed at the General Meeting today. The resolution to approve a waiver of an obligation under Rule 9 of the City Code on Takeovers and Mergers in respect of the conditional subscription by Fratelli Investments limited ("Fratelli Investments") and parties acting in concert with it (the "Concert Party [...]

LONDON, Feb. 26, 2014 (GLOBE NEWSWIRE) -- Serabi Gold Plc (AIM:SRB) (TSX:SBI), the Brazilian focused gold mining and development company, announces an amendment to the terms of the Conditional Subscription for 200,000,000 Units (the "Subscription") as set out in the shareholder circular dated 29 January 2014 (the "Circular"). As previously announced, the Board intends to issue up to 200,000,000 Units at a Subscription [...]

LONDON, Feb. 12, 2014 (GLOBE NEWSWIRE) -- Serabi Gold Plc (AIM:SRB) (TSX:SBI), the Brazilian focused gold mining and development company, today announces details of its first month of continuous gold production at its wholly owned Palito gold mine in Para, Brazil. As reported on 23 December 2013, initial testing of the process plant started on 13 December 2013 and continued until the year end. Since 5 January 2014, the [...]

LONDON, Feb. 5, 2014 (GLOBE NEWSWIRE) -- Serabi Gold Plc (AIM:SRB) (TSX:SBI), the Brazilian focused gold mining and development company announces further intersections of high-grade gold results at its Sao Chico gold project in Para from infill and extension drilling conducted on the Highway Vein, located some 250m east and along strike of the Main Vein. A PDF version of this press release can be accessed using the [...]

Serabi Gold plc ("Serabi" or the "Company") Proposed Capital Reorganisation Conditional subscription of up to 200,000,000 Units at 5 pence per Unit Approval of a waiver of an obligation under Rule 9 of the City Code on Takeovers and Mergers Notice of General Meeting Posting of circular to Shareholders LONDON, Jan. 29, 2014 (GLOBE NEWSWIRE) -- [...

Serabi Gold, the Brazilian focused gold mining and development company, today announces the progress of its initial plant commissioning, which has been successfully running since 13 December 2013. The entire plant has been operated on five separate occasions of approximately two hours each, culminating with a three hour test on 19 December. Approximately 800 tonnes of approximately 5grammes per tonne gold Run of Mine [...]

Serabi Gold, the Brazilian focused gold exploration and development company, announces the resignation of Mr Christopher Kingsman as a non-executive Director of the Company with immediate effect. Mr. Kingsman commented that, "the Company's fundamental prospects are now the best since becoming involved in 2009. This is a good opportunity to step down and dedicate more time to my other ventures. I am very grateful to have [...]

Serabi Gold announces that it intends to raise up to £10 million (before expenses) through an issue of new Ordinary Shares, to finance initial development and underground drilling at the Sao Chico project, and to provide further working capital to the business during the start-up phase of gold production at Palito. The Company has entered into a conditional subscription agreement ("Subscription Agreement") with Fratelli [...]

LONDON, Dec. 9, 2013 (GLOBE NEWSWIRE) -- Serabi Gold Plc (AIM:SRB, TSX:SBI), the Brazilian focused gold exploration and development company is pleased to announce a further operational update on its Palito gold mine. The Company continues to make good progress as the development of the Palito mine and process plant reaches the final stages before going into production the first quarter of 2014. [A PDF version of this release including pictures can be accessed using the following link - http://hugin.info/137617/R/1748397/588869.pdf ] Highlights [...]