Changes in Brazilian Operational Management

2021-11-02 / @nasdaq

 

For immediate release

2 November 2021

Serabi Gold Plc

(“Serabi” or the “Company”)

Changes in Brazilian Operational Management

Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian-focused gold mining and development company, advises that Mr. Roney Almeida has stepped down from his position as Chief Operating Officer. Mr Helio Tavares has joined the Company in the position of General Manager of Projects and Operations effective 1 November 2021. Mr Tavares will report directly to Mike Hodgson CEO of Serabi and have responsibility for the ongoing operations at the Palito Complex and oversee the development and construction of the Coringa gold mine. Mr Tavares was part of the team involved with Serabi that originally developed the Palito mine and designed and oversaw the construction of the process plant in 2004. Having been involved as a consultant with a number of other junior mining groups in Brazil, he returned to Serabi in 2013 to oversee the re-commissioning of the Palito Complex and held the position of General Manager for five years.

Mike Hodgson, CEO of Serabi, commented: I would like to take this opportunity to sincerely thank Roney for his dedication and the professionalism he has brought to Serabi over the past three years. We all wish him well in his future endeavours.

Helio Tavares was responsible for the redevelopment of Palito in 2013 and construction of the Sao Chico operation. I am pleased to welcome him back to Serabi and look forward to working with him again. The Board has elected to discontinue the position of COO at this time and those responsibilities will be shared between myself and Helio.

Enquiries:

Serabi Gold plc 
Michael HodgsonTel: +44 (0)20 7246 6830
Chief ExecutiveMobile: +44 (0)7799 473621
  
Clive LineTel: +44 (0)20 7246 6830
Finance DirectorMobile: +44 (0)7710 151692
  
Email: contact@serabigold.com 
Website: www.serabigold.com 
  
Beaumont Cornish Limited
Nominated Adviser and Financial Adviser
 
Roland Cornish / Michael CornishTel: +44 (0)20 7628 3396
  
Peel Hunt LLP
Joint UK Broker
 
Ross Allister / Alexander AllenTel: +44 (0)20 7418 9000
  
Tamesis Partners LLP
Joint UK Broker
 
Charlie Bendon / Richard GreenfieldTel: +44 (0)20 3882 2868
  
Camarco        
Financial PR
 
Gordon Poole / Nick HennisTel: +44(0) 20 3757 4980

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.

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