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Supreme Court Issues Final Order To Complete The Plan Of Arrangement Between Serabi Gold Plc And Kenai Resources Limited


Thursday, 11 Jul 2013 02:45am EDT 

Serabi Gold plc announced that on July 10, 2013 the Supreme Court of British Columbia (Court) issued a final order approving the plan of arrangement (the Arrangement ) for Serabi to acquire the entire share capital of Kenai Resources Limited (Kenai). Assuming that all other conditions to closing have been satisfied or waived, the Arrangement is expected to become effective on or about July 11, 2013. Under the Arrangement a total of 90,020,675 new ordinary shares of Serabi (Serabi Shares) will be issued to the current shareholders of Kenai. Application has been made for the new Serabi Shares 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. 

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5.75
-0.125 -2.13%
25 Jul 2014