🕐15.05.12 - 14:27 Uhr
SERABI GOLD PLC : FINANCIAL RESULTS FOR THE FIRST QUARTER 2012 AND MANAGEMENT DI SCUSSION AND ANALYSIS
Serabi Gold plc
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Published: 14:00 CEST 15-05-2012 /Thomson Reuters /Source: Serabi Gold plc /XLON: SRB /ISIN: GB00B4T0YL77
Serabi Gold plc : Financial Results for the First Quarter 2012 and Management Discussion and Analysis
SERABI GOLD PLC ("Serabi" or "the Company")
Financial Results for the First Quarter 2012 and Management Discussion and Analysis
Serabi Gold plc (AIM:SRB, TSX:SBI and SBI.WT), the Brazilian focused gold exploration and development company, advises that it has today published its unaudited financial results for the 3 month period ending 31 March 2012 and at the same time has also published its Managements Discussion and Analysis for the same period.
Both documents, together with this announcement, have been posted on the Companys website at www.serabigold.com and are also available on SEDAR at www.sedar.com.
Operational Highlights for the last quarter
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Assay results from ALS Minerals confirmed preliminary results issued in December 2011 for drilling undertaken on the Palito South extension and the Piaui prospect.
Independent results reported an average upgrade for gold assays of 8% and 14.9% respectively, compared with the preliminary reported results.
Corporate Highlights
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The Company completed a placing of 27,300,000 units on January 24, 2012 raising gross proceeds of UK£2.73 million
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Each of the 27,300,000 units were comprised of one ordinary share and one-sixth of one ordinary share purchase warrant of the Company, with each whole warrant being exercisable to acquire one Ordinary Share at an exercise price of UK£0.15 until January 23, 2014.
Financial Highlights
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