Serabi Gold Welcomes Starboard as Major Shareholder

An announcement from Serabi Gold ( (GB:SRB) ) is now available.

Serabi Gold plc has announced that Greenstone Resources II LP, a significant shareholder, has agreed to sell nearly 20% of its shares in Serabi to Starboard Asset Ltda, a private equity firm in Brazil. This transaction is expected to enhance Serabi’s shareholder base with Starboard’s local expertise, potentially reinforcing the company’s strategy and contributing to future value creation for stakeholders. Greenstone will retain a smaller stake in Serabi, while Starboard will become a major shareholder, reflecting a strategic shift in the company’s ownership structure.

More about Serabi Gold

Serabi Gold plc is a gold exploration, development, and production company focused on the Tapajós region in Para State, northern Brazil. The company has consistently produced 30,000 to 40,000 ounces of gold annually from the Palito Complex and plans to double production with the construction of the Coringa Gold project. Serabi Gold has also made a copper-gold porphyry discovery and is headquartered in the United Kingdom with a secondary office in Toronto, Canada.

YTD Price Performance: 50.93%

Average Trading Volume: 420,908

Technical Sentiment Signal: Strong Sell

Current Market Cap: £123.4M

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