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Kenai Resources Ltd Approve Plan Of Arrangement With Serabi Gold Plc


Monday, 8 Jul 2013 02:00am EDT 

Serabi Gold Plc announced that the shareholders of Kenai Resources Ltd (Kenai) have approved the proposals for Serabi to acquire the entire share capital of Kenai by way of a plan of arrangement (the Arrangement). The Arrangement was approved at a special meeting of the Kenai shareholders in Vancouver, Canada on July 5, 2013, by 99% of the votes cast. Under the Arrangement, Kenai Shareholders will receive 0.85 of one new Serabi ordinary share (Serabi Share) in exchange for each Kenai common share held. Application will be made for the new Serabi Issues to be issued pursuant to the Arrangement to be admitted to trading on AIM, which is expected to commence on or about July 16, 2013. The new Serabi Shares will rank pari passu in all respects with the existing Serabi Shares. 

Company Quote

4.875
0.0 +0.00%
21 Jul 2014