Business
Financial and Accounting update
Financial and Accounting update.
About this update from Serabi Gold Plc
[{"type":"text","content":"\n \n \n Financial and Accounting update\n \n \n \n \n For immediate release\n \n \n 6 April 2021\n \n \n Serabi Gold plc\n (“Serabi” or the “Company”)\n \n \n Financial and Accounting update\n \n Serabi Gold plc advises that following its announcement made on 1 April 2021 informing of a delay in the release of the audited annual financial results for the year ended 31 December 2020 (“Accounts”), originally scheduled to be issued on 31 March 2021, the UK executive management and Serabi Gold plc board has suspended two local managers in Brazil. The Company has engaged lawyers in Brazil who have commenced their own internal enquiries whilst BDO LLP, the Company’s auditors, are undertaking further work to resolve the audit issues identified in Brazil,\n The Company is in discussions with the Canadian Securities regulatory authorities to allow the shares to continue to be traded on the Toronto Stock Exchange notwithstanding the delay in the filing of its Accounts. As previously announced, the Company envisages being able to publish its Accounts in accordance with the requirements of the AIM Rules, but if the delay is likely to have any effect on this, then a further announcement will be made in due course.\n Continuing production at Palito and Sao Chico is unaffected, and the Company expects to provide its routine update on production for the first quarter ended 31 March 2021 towards the end of this month.\n \n Enquiries:\n \n \n \n Serabi Gold plc\n \n \n \n Michael Hodgson\n Tel: +44 (0)20 7246 6830\n \n \n Chief Executive\n Mobile: +44 (0)7799 473621\n \n \n \n \n \n \n Clive Line\n Tel: +44 (0)20 7246 6830\n \n \n Finance Director\n Mobile: +44 (0)7710 151692\n \n \n \n \n \n \n Email: [email protected]\n \n \n \n Website: www.serabigold.com\n \n \n \n \n \n \n \n Beaumont Cornish LimitedNominated Adviser and Financial Adviser\n \n \n \n Roland Cornish\n Tel: +44 (0)20 7628 3396\n \n \n Michael Cornish\n Tel: +44 (0)20 7628 3396\n \n \n \n \n \n \n Peel Hunt LLPUK Broker\n \n \n \n Ross Allister\n Tel: +44 (0)20 7418 8900\n \n \n \n \n \n \n \n \n \n \n Copies of this announcement are available from the Company's website at www.serabigold.com.\n Neither the Toronto Stock Exchange, nor any other secur...