Results of General Meeting

2021-05-25 / @nasdaq

 

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:

RESOLUTIONVOTES

FOR
%VOTES

AGAINST
%VOTES

TOTAL
% of ISC* VOTEDVOTES

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.

48,820,11299.81%93,2220.19%48,913,33464.59%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.

48,820,11299.81%93,2220.19%48,913,33464.59%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 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
 
Roland CornishTel: +44 (0)20 7628 3396
Michael CornishTel: +44 (0)20 7628 3396
  
Peel Hunt LLP

UK Broker
 
Ross AllisterTel: +44 (0)20 7418 9000
  
TAMESIS PARTNERS LLP

Joint UK Broker
 
Charlie Bendon        tTel: +44 (0)20 3882 2686
Richard GreenfieldTel: +44 (0)20 3882 2686
  
CAMARCO

Financial PR
 
Gordon PooleTel: +44 (0)20 3757 4980
Nick HennisTel: +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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