Published: 13:35 21.09.2009 GMT+1 /HUGIN /Source: Serabi Mining plc /LSE: SRB /ISIN: GB00B074J639
Statement re Share Price Movement
SERABI MINING plc ("Serabi" or "the Company")
Comment on recent share activity
The Directors of Serabi note recent activity in its shares and movements in its share price
As announced by the Company on 18 August 2009, the Directors' continue to work closely with its advisers on indentifying new potential funding for the Company and progress discussions with parties that may result in the sale in whole or part of its mining and exploration assets. The Directors are also pursuing opportunities that might result in an injection of new capital either into the Company or directly into its Brazilian operating subsidiary. In addition, the Company is also working to raise "soft loans" from one of the Brazilian development agencies SUDAM. The Company has lodged an initial application which has been accepted by the agency but is still subject to amongst other things, technical and legal due diligence, approval of the business strategy and financial review of the business plan.
At this stage there is no further information to impart in respect of the above discussions and a further announcement will be made in due course as appropriate.
The Company will be announcing its interim results for the six months ended 30 June 2009 on 22 September 2009.
Enquiries
Serabi Mining plc
Graham Roberts |
Tel: 020 7246 6830 |
Chairman |
Mobile: 07768 902 475 |
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Clive Line |
Tel: 020 7246 6830 |
Finance Director |
Mobile: 07710 151 692 |
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Beaumont Cornish Limited |
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Roland Cornish |
Tel: 020 7628 3396 |
Michael Cornish |
Tel: 020 7628 3396 |
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Serabi Gold Plc
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PRODUCER |
CODE : SRB.L |
ISIN : GB00B4T0YL77 |
CUSIP : 00B074J639 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Serabi Gold is a gold producing company based in United kingdom. Serabi Gold holds various exploration projects in Brazil. Its main asset in production is PALITO in Brazil and its main exploration properties are TAPAJOS - MODELO, JARDIM DO OURO, TAPAJOS - PIZON and PIAUI STRKE LENGTH in Brazil. Serabi Gold is listed in Germany, in United Kingdom and in United States of America. Its market capitalisation is GBX 47.0 billions as of today (US$ 54.9 billions, € 51.5 billions). Its stock quote reached its lowest recent point on October 31, 2008 at GBX 0.25, and its highest recent level on December 31, 2020 at GBX 99.55. Serabi Gold has 700 843 570 shares outstanding. |