Results of General Meeting
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" 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:
| RESOLUTION | VOTES FOR | % | VOTES AGAINST | % | VOTES TOTAL | % of ISC* VOTED | VOTES 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. | 48,820,112 | 99.81% | 93,222 | 0.19% | 48,913,334 | 64.59% | 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. | 48,820,112 | 99.81% | 93,222 | 0.19% | 48,913,334 | 64.59% | 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 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 | |
| Ross Allister | Tel: +44 (0)20 7418 9000 |
| TAMESIS PARTNERS LLP Joint UK Broker | |
| Charlie Bendon t | Tel: +44 (0)20 3882 2686 |
| Richard Greenfield | Tel: +44 (0)20 3882 2686 |
| CAMARCO Financial PR | |
| Gordon Poole | Tel: +44 (0)20 3757 4980 |
| Nick Hennis | Tel: +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