Issue of Equity

THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF SERABI GOLD PLC.

THIS ANNOUNCEMENT AND THE INFORMATION HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE, TRANSMISSION, DISTRIBUTION OR FORWARDING DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, TRANSMISSION, RELEASE, DISTRIBUTION OR FORWARDING WOULD BE UNLAWFUL.

THIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (“FSMA”) AND HAS BEEN APPROVED BY PRIMARYBID LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FRN 779021)

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.
For immediate release
1 March 2021

Serabi Gold plc

(“Serabi” or the “Company”)  

PrimaryBid Offer

Serabi Gold plc (AIM:SRB, TSX:SBI) the Brazil focused gold producer and developer, is pleased to announce a conditional offer for subscription via PrimaryBid (the “PrimaryBid Offer”) of new ordinary shares of £0.10 each in the Company (“Retail Shares”) at an issue price of £0.75 per Retail Share (the “Issue Price”). The Company is also conducting a placing of new ordinary shares ("the Placing Shares" and together with the Retail Shares, the "New Ordinary Shares") at the Issue Price by way of an accelerated bookbuild process (the “Placing”) as announced separately today.

Concurrently with the Placing, Serabi Gold plc will also conduct a placing of warrants to subscribe for new ordinary shares of £0.10 each in the Company (“Warrant Placing” and together with the Placing the “Placings”), conditional, amongst other things, upon shareholder approval and the Placing.  Only subscribers for Placing Shares will be eligible to participate in the Warrant Placing. Subscribers to the PrimaryBid Offer will not be eligible to participate in the Warrant Placing.