Serabi Gold plc - Corporate Update
LONDON, April 14, 2016 - Serabi Gold Plc (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, provides an update on current corporate development. As stated in its preliminary results announcement on 30 March 2016, Serabi's record of turning projects into cash flow is attracting support for the Group as it seeks further growth opportunities and that management have been active in assessing a number of potential acquisition opportunities to take advantage of recent market weakness. The Company continues to consider and conduct its own preliminary internal due diligence and assessment on potential opportunities, including an underground producing gold mine asset, but there are no agreements at this time and as there are other potentially interested parties there is no certainty that any of these opportunities might actually proceed. As previously announced, Serabi will also only pursue those opportunities that can bring strong long term returns to existing shareholders and in particular, if the Group's all-in sustaining costs of production (which amounted to US$892 per ounce in 2015) would be lowered.
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 and Financial 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 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.