Business
Stmnt re Share Price Movement
Stmnt re Share Price Movement.
About this update from Serabi Gold Plc
[{"type":"text","content":"\n RNS Number : 0811I Serabi Mining plc 04 March 2010 \n\nFOR IMMEDIATE RELEASE\n4 March 2010\n \nSerabi Mining PLC\n(\"Serabi\" or the \"Company\")\nStatement regarding share price movement\n \nThe Board of Serabi notes the recent activity in its shares and movements in the Company's share price and confirms that it is currently in preliminary discussions with a third party regarding a possible merger (the \"Discussions\"). The Discussions are very preliminary in nature and there can be no certainty that the potential merger will ultimately proceed nor any offer be forthcoming.\n \nIn relation to this announcement, shareholders are advised to take no action in relation to their shareholdings in the Company. A further announcement will be made in due course as appropriate.\n \nRelevant Securities in Issue \n \nThe following information is provided in accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the \"Code\").\n \nThe Company confirms that it has in issue:\n \n1. 327,740,595 ordinary shares of 0.5 pence each (\"Ordinary Shares\") as at the close of business on 3 March 2010 and the Ordinary Shares in the Company are admitted to trading on AIM under the UK ISIN code GB00B074J639. \n \n2. £300,000 Convertible Loan Agreement convertible at any time up to 31 October 2014 into up to a maximum further 21,001,228 new Ordinary Shares (assuming the maximum amount of accrued interest between drawdown and the repayment date of £15,018.42 is converted into new Ordinary Shares). \n \nEnquiries:\n \n\n\n\n\nSerabi Mining PLC\n\n\n\n\n\n\n\nClive Line, Finance Director\n\n\nTel: 0207 246 6830\n\n\n\n\n\n\n\n\n\n\n\n\nBeaumont Cornish Limited\n\n\n\n\n\n\n\nMichael Cornish\n\n\nTel: 0207 628 3396\n\n\n\n\n \nBeaumont Cornish Limited (\"Beaumont Cornish\") which is authorised in the United Kingdom by The Financial Services Authority, is acting for Serabi in relation to any potential offer and is not advising any other person, and accordingly will not be responsible to anyone other than Serabi for providing the protections afforded to customers of Beaumont Cornish or for providing advice in relation to any potentia...