23rd Apr 2025 12:27
Serabi Gold PLC - Brazil-focused gold miner - Peel Hunt LLP confirms Greenstone Resources II LP and Fratelli Investments Ltd have sold a total of 15.7 million shares in Serabi to institutional investors. This includes all of Greenstone's 3.9 million shares and around 11.8 million shares owned by Fratelli, which will continue to hold 7.6 million shares, a 9.9% stake. In total, 20.7% of Serabi Gold shares are placed with investors, raising GBP21.2 million at 135 pence per share. Serabi is not a party to the placing, which is run by Peel Hunt and Tamesis Partners LLP, and will not receive any proceeds. Read More