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Serabi Gold plc (SRB)

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Tuesday 25 May, 2021

Serabi Gold plc

Results of General Meeting

Results of General Meeting

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: [email protected]  
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

 

 



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