UK markets open in 2 hours 6 minutes
  • NIKKEI 225

    27,904.56
    -1,059.52 (-3.66%)
     
  • HANG SENG

    28,413.42
    -387.85 (-1.35%)
     
  • CRUDE OIL

    71.91
    +0.27 (+0.38%)
     
  • GOLD FUTURES

    1,774.50
    +5.50 (+0.31%)
     
  • DOW

    33,290.08
    -533.32 (-1.58%)
     
  • BTC-GBP

    24,608.35
    -1,466.68 (-5.62%)
     
  • CMC Crypto 200

    840.41
    -99.53 (-10.59%)
     
  • ^IXIC

    14,030.38
    -131.02 (-0.93%)
     
  • ^FTAS

    4,002.07
    -69.26 (-1.70%)
     

Results of General Meeting

  • Oops!
    Something went wrong.
    Please try again later.
·3-min read
  • Oops!
    Something went wrong.
    Please try again later.

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, NEW ZEALAND, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER OF SECURITIES IN ANY JURISDICTION.

For immediate release

25 May 2021

Serabi Gold Plc

(“Serabi” or the “Company”)

Results of General Meeting

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 at 10:00 am on 25 May 2021 (the “General Meeting”), Shareholders approved both the ordinary and special resolutions (the “Resolutions”) proposed in the notice of meeting dated 27 April 2021 (the "Notice of Meeting”).

Unless otherwise stated all defined terms in this announcement are consistent with the definitions set out in the Notice of Meeting.

The voting was determined by a poll and the results in respect of each resolution were as follows:

RESOLUTION

VOTES

FOR

%

VOTES

AGAINST

%

VOTES

TOTAL

% of ISC* VOTED

VOTES

WITHHELD

1. That the Directors are authorised to allot shares, grant rights or convert any security up to a nominal value of £400,352.70.

48,820,112

99.81%

93,222

0.19%

48,913,334

64.59%

8,237

2. That subject to the passing of Resolution 1 the Directors are authorised to allot equity securities for cash otherwise than on a pre-emptive basis up to a nominal value of £400,352.70.

48,820,112

99.81%

93,222

0.19%

48,913,334

64.59%

8,237

* ISC – Issued Share Capital

On 2 March 2021, the Company secured commitments from investors to subscribe for 4,003,527 Warrants at an issue price of £0.06 (C$0.11) per Warrant raising gross proceeds of £0.2 million (C$0.4 million), subject among other things to shareholder approval at the General Meeting. Following the approval by Shareholders of the Resolutions, the Company intends to proceed with the issue of the Warrants and expects that the Warrants will be issued on 27 May 2021 in accordance with the terms of the Placing Agreement.

Enquiries:

Serabi Gold plc

Michael Hodgson

Tel: +44 (0)20 7246 6830

Chief Executive

Mobile: +44 (0)7799 473621

Clive Line

Tel: +44 (0)20 7246 6830

Finance Director

Mobile: +44 (0)7710 151692

Email: contact@serabigold.com

Website: www.serabigold.com

Beaumont Cornish Limited

Nominated Adviser

Roland Cornish

Tel: +44 (0)20 7628 3396

Michael Cornish

Tel: +44 (0)20 7628 3396

Peel Hunt LLP

UK Broker

Ross Allister

Tel: +44 (0)20 7418 9000

TAMESIS PARTNERS LLP

Joint UK Broker

Charlie Bendon t

Tel: +44 (0)20 3882 2686

Richard Greenfield

Tel: +44 (0)20 3882 2686

CAMARCO

Financial PR

Gordon Poole

Tel: +44 (0)20 3757 4980

Nick Hennis

Tel: +44 (0)20 3757 4980

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 announcement.

ENDS


Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting