Published: 07:00 23.02.2009 GMT /HUGIN /Source: Serabi Mining plc /LSE: SRB /ISIN: GB00B074J639
Update on Corporate Events
SERABI MINING plc ("Serabi" or "the Company")
Update on Corporate Events
Serabi Mining plc advises that pursuant to the announcement made by the Company on 3rd November the Directors' remain in active discussions with parties that may result in the sale in whole or part of the mining and exploration assets owned by the Company. They are also pursuing opportunities that might result in an injection of new capital either into the Company or directly into its Brazilian operating subsidiary.
The Directors' are no longer in any discussions with any party that would lead to an offer being made to acquire the issued share capital of the Company, Neither are they soliciting approaches from any potential offeree which might lead to any such offer.
For the purposes of the City Code, the Company is therefore no longer in an offer period.
On operational matters, the underground mining operations were suspended at the end of 2008 and the underground mine is now in a state of care and maintenance. However mining of near-surface oxide ores is being undertaken and a total of some 1,100 ounces of gold has been produced since the start of 2009. Whilst such near-surface oxide resources are limited, the Directors' are confident that an oxide mining operation can continue for at least the next few months.
Enquiries
Serabi Mining plc
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Graham Roberts |
Tel: 020 7246 6830 |
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Chairman |
Mobile: 07768 902 475 |
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Clive Line |
Tel: 020 7246 6830 |
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Finance Director |
Mobile: 07710 151 692 |
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Numis Securities Limited |
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John Harrison |
Tel: 020 7260 1000 |
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Nominated Adviser |
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James Black |
Tel: 020 7260 1000 |
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Corporate Broking |
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Serabi Gold Plc
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PRODUCTEUR |
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CODE : SRB.L |
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ISIN : GB00B4T0YL77 |
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CUSIP : 00B074J639 |
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Serabi Gold est une société de production minière d'or basée au Royaume-Uni. Serabi Gold détient divers projets d'exploration au Bresil. Son principal projet en production est PALITO au Bresil et ses principaux projets en exploration sont TAPAJOS - MODELO, JARDIM DO OURO, TAPAJOS - PIZON et PIAUI STRKE LENGTH au Bresil. Serabi Gold est cotée au Royaume-Uni, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 58,1 milliards GBX (69,8 milliards US$, 65,7 milliards €). La valeur de son action a atteint son plus bas niveau récent le 31 octobre 2008 à 0,25 GBX, et son plus haut niveau récent le 31 décembre 2020 à 99,55 GBX. Serabi Gold possède 700 843 570 actions en circulation. |