Business
Corporate Presentation and update
Corporate Presentation and update.
About this update from Serabi Gold Plc
[{"type":"text","content":"\n Corporate Presentation and updateFor immediate release 18 February 2020Serabi Gold plc(“Serabi” or the “Company”)Corporate Presentation and updateSerabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian focused gold exploration and mining company is pleased to announce that, in advance of the forthcoming BMO Global Metals and Mining Conference being held between 23 February and 26 February and the Prospectors & Developers Association of Canada (“PDAC”) Conference being held between 1 March and 4 March, the Company has updated its corporate presentation and this is available to view on its website at www.serabigold.com.Representatives from Serabi will be attending both conferences and the Company’s management will be available at booth IE2533 for the Prospectors & Developers Association of Canada Convention in Toronto.The Company takes this opportunity to remind shareholders of its forthcoming General Meeting being held at 2:00 pm (UK time) on 26 February 2020 at the offices of Travers Smith LLP, 10 Snow Hill, London EC1A 2AL. The meeting is being held inter alia to approve the Conditional Subscription by Greenstone Resources II LP (“Greenstone”) for US$12 million Convertible Loan Notes and the Approval of a Waiver of Rule 9 of the City Code on Takeovers and Mergers (“the Waiver”).As the Company is a reporting issuer in the provinces of British Colombia, Alberta and Ontario, it is subject to applicable Canadian securities laws including Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). MI 61-101 regulates insider bids, issuer bids, business combinations and related party transaction to ensure equality of treatment among securityholders and requires minority shareholder’s approval for such transactions.For the purposes of MI 61-101, and as set out in the circular to shareholders dated 22 January 2020 (the “Circular”), the independent directors of Serabi (which excludes appointees of Greenstone) consider that the issue of the Convertible Loan Notes and Waiver are fair and reasonable and in the best interests of the independent shareholders and the Company as a whole. In the course of evaluating the transaction, the independent directors and the Company's senior management, reviewed rel...