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Results of the annual general assembly
Serabi Gold PLC (AIM:SRB, TSX:SBI), The Brazil-focused gold mining and development company announces that in… annual The company's general assembly was held at two o'clock in the afternoon 13 June 2024, Contributors approved everyone Regular and special resolutions (“Resolutions”) proposed in the dated Notice of Meeting 10 May 2024 (“Meeting Announcement”).
Unless otherwise stated, all terms defined in this announcement correspond to definitions set in the Notice of Meeting.
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Voting was done by ballot, and the results for each decision were as follows:
| Accuracy | Votes
to |
% | Votes
against |
% | Votes
the total |
The percentage of indirect support costs* was voted on. | Votes
It has been blocked |
| 1. Receiving and approving the Board of Directors’ report and the company’s financial statements for the year ending December 31, 2023. | 46,355,546 | 100.00% | 550 | 0.00% | 46,356,096 | 61.2% | 5,691 |
| 2. Re-election of Mr. Michael Hodgson as Director. | 46,214,100 | 99.76% | 112423 | 0.24% | 46,326,523 | 61.2% | 35,444 |
| 3. Re-election of Mr. Luis Azevedo as Director. | 44,493,296 | 96.04% | 1,833,227 | 3.96% | 46,326,523 | 61.2% | 35,444 |
| 4. Re-election of Mr. Michael D. Lynch-Bell as director. | 46,304,362 | 99.95% | 22,161 | 0.05% | 46,326,523 | 61.2% | 35,444 |
| 5. Re-election of Ms. Carolina Margozzini as Director. | 44,493,261 | 96.04% | 1,832,221 | 3.96% | 46,325,482 | 61.2% | 36,485 |
| 6. Re-election of Ms. Deborah Goodjohn as Director. | 46,207,564 | 99.75% | 117,418 | 0.25% | 46,324,982 | 61.2% | 7,232 |
| 7. Re-election of Mr. Mark Sawyer as Director. | 44,478,099 | 96.01% | 1,848,424 | 3.99% | 46,326,523 | 61.2% | 35,444 |
| 8. Re-election of Mr. Clive Lane as Director. | 46,197,862 | 99.72% | 128,661 | 0.28% | 46,326,523 | 61.2% | 5,691 |
| 9. Reappointment of PKF Littlejohn LLP as the company’s auditor. | 46,337,871 | 99.96% | 16,959 | 0.04% | 46,354,830 | 61.2% | 6,957 |
| 10. Authorizing the company’s Audit and Risk Committee to determine the auditors’ fees and terms of appointment. | 46,349,318 | 99.99% | 6,778 | 0.01% | 46,356,096 | 61.2% | 5,691 |
| 11. The Directors are hereby authorized to allocate shares in the Company up to a nominal value of £2,500,000. | 46,284,099 | 99.93% | 32,708 | 0.07% | 46,316,807 | 61.2% | 45,150 |
| 12. Subject to the issuance of Resolution No. 11, the Directors have the right to allocate securities in cash, up to (a) a maximum nominal value of £757,000 and (b) an additional nominal amount of 20% of the allotment or allotment under (a) for the purpose View follow-up. | 46,169,772 | 99.70 | 141,054 | 0.30 | 46,310,826 | 61.1% | 51,141 |
| 13. Subject to the issuance of Resolution No. 11, the Directors have the right, in addition to the authority granted by Resolution No. 12, to allocate securities in cash, up to (a) a maximum nominal value of £757,000 for the purpose of financing. an acquisition or other capital investment and (b) an additional notional amount of 20% of the allotment or sale under (a) for the purpose of the Follow-on Offer. | 46,172,696 | 99.70 | 138,130 | 0.30 | 46,310,826 | 61.1% | 51,141 |
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* ISC – issued capital
The person who arranged for this announcement to be made on behalf of the company is Clive Lane, Director.
inquiries
Serabi Gold Company
Michael Hodgson R+44 (0)20 7246 6830
chief executive officer M +44 (0)7799 473621
Cliveline R+44 (0)20 7246 6830
Chief Financial Officer M +44 (0)7710 151692
Andrew fear M +1 647 885 4874
Vice President of Investor Relations
Business Development
H contact@serabigold.com
BEAUMONT CORNISH LIMITED
Appointed advisor and financial advisor
Roland Cornish/Michael Cornish R +44 (0)20 7628 3396
Peel Hunt LLP
Common UK Broker
Ross Alastair R +44 (0)20 7418 9000
Tamsis Partners LLP
Common UK Broker
Charlie Bindon/Richard Greenfield R +44 (0)20 3882 2868
Camarco
Financial Public Relations – Europe
Gordon Ball/Emily Hall R +44 (0)20 3757 4980
Access to port
Financial Public Relations – North America
Jonathan Patterson / Lisa Micale R +1 475 477 9404
Copies of this announcement are available on the company's website at www.serabigold.com.
be seen www.serabigold.com For more information, follow us on Twitter @Serabi_Gold
Examination results
The assay results contained in this release include those provided by the Company's on-site laboratory facilities in Ballito and have not yet been independently verified. Serabi closely monitors the performance of its facility against the results of independent laboratory analysis for the purpose of quality control. As a standard practice, the Company sends duplicate samples derived from a variety of Company activities to accredited laboratory facilities for independent verification. Since mid-2019, more than 10,000 core samples from exploration holes have been examined at both the Ballito laboratory and an accredited external laboratory, in most cases the ALS laboratory in Belo Horizonte, Brazil. When comparing significant assays with grades exceeding 1g/t gold, a comparison of Ballito results against external results records an average overestimate by the Ballito laboratory of 6.7% over this period. Based on the results of this work, the Company's management is satisfied that the Company's facility shows sufficiently good connectivity with independent laboratory facilities for exploration samples. The Company expects that in preparing any future independent reserve/resource statement conducted in accordance with a recognized standard, the independent authors of such statement will not use Palito test results without sufficient replications from an appropriately accredited laboratory.
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Forward-looking statements
Certain statements in this announcement are, or may be deemed to be, forward-looking statements. Forward-looking statements are identified by their use of terms and expressions such as “believe”, “could”, “should”, “envision”, “estimate”, “intend”, “may”, “plan”, “will”. 'or the negation of those, or variations or similar expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance and future capital and other expenditures (including the amount, nature and sources of its financing). Competitive advantages, business prospects and opportunities. These forward-looking statements reflect the current beliefs and assumptions of the members of the Board of Directors and are based on information currently available to the members of the Board of Directors. Several factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including risks associated with the vulnerability to general economic and business conditions, competition, other environmental and regulatory changes, actions by governmental authorities, the availability of capital markets, reliance on key employees, uninsured and uninsured losses and other factors, many of which are beyond the Company's control. Although any forward-looking statements contained in this announcement are based on what the directors believe to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such forward-looking statements.
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Statement of qualified persons
The scientific and technical information contained in this announcement has been reviewed and approved by Michael Hodgson, Director of the Company. Mr Hodgson is an economic geologist by training with over 30 years' experience in the mining industry. He holds a BSc (Hons) in Geology from the University of London, an MSc in Mining Geology from the University of Leicester, is a Fellow of the Institute of Materials, Minerals and Mining and a UK Engineering Council Chartered Engineer, and is recognized as a Qualified Person Engineer for the purposes of the Canadian National Instrument 43 -101 and AIM Guidance Note on Mining, Oil and Gas Companies dated June 2009.
notice
Beaumont Cornish Limited, which is authorized and regulated in the United Kingdom by the Financial Conduct Authority, is acting as appointed advisor to the Company in relation to the matters referred to herein. Beaumont Cornish Limited acts exclusively for the Company and for no one else in relation to the matters described in this announcement and does not advise anyone else and will therefore not be liable to anyone other than the Company for providing the protections afforded to clients of Beaumont Cornish Limited, or for providing advice In relation to the contents of this announcement or any matter referred to in it.
Neither the Toronto Stock Exchange nor any other securities regulatory body has approved or disapproved the contents of this news release.
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