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Serabi Gold Plc Completes Plan Of Arrangement Between Serabi Gold Plc And Kenai Resources Limited


Friday, 19 Jul 2013 02:01am EDT 

Serabi Gold plc announced that all conditions precedent relating to the plan of arrangement for Serabi to acquire the entire share capital of Kenai Resources Limited were satisfied and the transaction has completed. As announced on July 10, 2013, under the Arrangement a total of 95,120,675 new ordinary shares of Serabi have been issued to the shareholders of Kenai including 5,100,000 Serabi Shares issued in exchange for 6,000,000 Kenai shares that have been issued to Gold Anomaly Limited in satisfaction of obligations under a share purchase agreement between GOA and Kenai relating to the acquisition by Kenai of the shares of Gold Aura do Brasil Mineracao Ltda, the owner of the Sao Chico gold project. 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 24, 2013. The new Serabi Shares will rank pari passu in all respects with the existing Serabi Shares. 

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