Serabi Gold plc Serabi Gold Plc : Results Of General Meeting And Completion Of Placing Raising Gbp6.36 Million
May 11 2018 - 6:45AM
UK Regulatory
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: +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
James Bavister Tel: +44 (0)20 7418 9000
Blytheweigh
Public Relations
Tim Blythe Tel: +44 (0)20 7138 3204
Camilla Horsfall Tel: +44 (0)20 7138 3224
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.
Serabi Gold (LSE:SRB)
Historical Stock Chart
From Apr 2024 to May 2024
Serabi Gold (LSE:SRB)
Historical Stock Chart
From May 2023 to May 2024