Serabi Gold plc : Results of Annual General Meeting and Board Changes
For immediate release
16 June 2017
Serabi Gold Plc
("Serabi" or the "Company")
Results of Annual General Meeting and Board Changes
Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, announces that at the Annual General Meeting of the Company held on 15 June 2017, shareholders approved all the ordinary and special resolutions proposed in the notice of meeting dated 12 May 2017.
In compliance with Section 461.4 of the TSX Company Manual, this release also sets out the results of the vote for the election of directors at the Company's Annual General Meeting.
The individuals identified in the management information circular of the Company dated 12 May 2017 (the "Circular") as offering themselves for re-election and set forth below, were elected as directors of the Company.The votes cast in respect of the re-election of each Director were as follows:
| DIRECTOR | VOTES FOR | % | VOTES AGAINST | % | VOTES TOTAL | % of ISC* VOTED | VOTES WITHHELD |
| T Sean Harvey | 407,518,750 | 100.00 | 3,085 | 0.00 | 407,521,835 | 58.33% | 99,323 |
| Eduardo Rosselot | 407,609,083 | 100.00 | 3,585 | 0.00 | 407,612,668 | 58.34% | 8,490 |
| Aquiles Alegria | 407,588,750 | 100.00 | 3,085 | 0.00 | 407,591,835 | 58.34% | 29,323 |
* ISC - Issued Share Capital
The Company further advises that Mr. T. Sean Harvey has stepped down from his role as Chairman of the Board, but will remain as a non-executive director of the Company.Mr. Mel Williams, will take over as Chairman with immediate effect.
Mr Michael Hodgson, the CEO of Serabi, commented;
"Sean has been Chairman of the Company since 2011, overseeing the Company's listing on the TSX, as well as the development and growth of the Company through what have been, at times, difficult markets conditions.His knowledge and guidance has, and will continue to be, valuable.Whilst he feels with his other commitments, he is no longer able to dedicate the time and effort he considers the role requires going forward, I am pleased that the Board will continue to benefit from his experience and counsel.Mel Williams has been a Director of the Company since 2011 and the head of Serabi's Audit Committee.He has been Finance Director for a number of gold mining companies through his career and as a result has a wealth of operational experience making him a strong replacement as Chairman."
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 | |
| Matthew Armitt | Tel: +44 (0)20 7418 9000 |
| Ross Allister | 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