Update on Possible Merger Discussions
04.06.2010 | Globenewswire Europe
SERABI MINING plc("Serabi" or "the Company")
update ON Possible MERGER DISCUSSIONS
On 4 March 2010 following activity in the Company's shares and movements in the
Company's share price, the Board of Serabi announced that it was in preliminary
discussions with a third party regarding a possible merger (the "Discussions").
As stated at that time, the Discussions were very preliminary in nature and
there could be no certainty that the potential merger would ultimately proceed
nor any offer be forthcoming. Serabi has now been notified by the third party
that their Board has agreed that they are no longer considering a transaction
that would or might result in that company making any form of offer to acquire
the shares of Serabi. Accordingly, Serabi is no longer in an offer period
pursuant to the Takeover Code.
Further information on the company is available at www.serabimining.com
Enquiries:
Serabi Mining plc
Mike Hodgson Tel: 020 7246 6830
Chief Executive Mobile: 07799 473621
Email: contact@serabimining.com
Website: www.serabimining.com
Beaumont Cornish Limited
Nominated Adviser and Broker
Roland Cornish Tel: 020 7628 3396
Michael Cornish Tel: 020 7628 3396
Farm Street Communications
Public Relations
Simon Robinson Tel: 020 7009 2212
simon.robinson@farmstreetmedia.com Mobile: 07593 340107
Forward-looking statements
This press release includes certain forward-looking statements. All statements,
other than statements of historical fact, included herein, including without
limitation, statements regarding the future plans and objectives of Serabi, are
forward-looking statements that involve various known and unknown risks and
uncertainties as well as other factors. Such forward-looking statements are
subject to a number of risks and uncertainties that may cause actual results or
events to differ materially from current expectations, including delays in
obtaining or failure to obtain required regulatory approvals. There can be no
assurance that such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in such statements.
Any forward-looking statements speak only as of the date hereof and, except as
may be required by applicable law, Serabi disclaim any obligation to update or
modify such forward-looking statements, either as a result of new information,
future events or for any other reason.
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Unternehmen: Serabi Mining plc - ISIN: GB00B074J639