PRESS RELEASE 20 JUNE 2018
SERABI GOLD plc ("Serabi" or "the Company")
Accident at Sao Chico Mine
Serabi Gold plc (AIM:SRB, TSX:SBI), regrets to announce a fatality at its Sao Chico Mine in Brazil in a mining-related accident.
The accident involved the operation of one of the underground loading machines. The Company has notified the relevant authorities, including the police, and are providing all necessary assistance for the enquiries into this incident. Production in the area of the incident has been resumed.
Until such a time as the outcome of the enquiries has been reached, no further details can be released. The directors and management of Serabi express their sincere condolences to the family and colleagues of the deceased and the Company is providing all necessary support to the family.
Mike Hodgson, Chief Executive Officer, said:
"It is with great sadness that we announce a fatal accident at our Sao Chico mining operation during the weekend. I join with all of my colleagues and fellow directors in expressing our sincere condolences to the family and friends of the deceased."
Enquiries
SERABI GOLD plc Michael Hodgson Chief ExecutiveClive Line Finance Directort +44 (0)20 7246 6830 m +44 (0)7799 473621
t +44 (0)20 7246 6830 m +44 (0)7710 151692
econtact@serabigold.comwww.serabigold.com
BEAUMONT CORNISH Limited Nominated Adviser & Financial Adviser
Roland Cornish Michael Cornish
PEEL HUNT LLP UK Broker
Ross Allister James BavisterBlytheweigh UK Financial PR Tim Blythe Camilla Horsfall
t +44 (0)20 7628 3396 t +44 (0)20 7628 3396
t +44 (0)20 7418 8900 t +44 (0)20 7418 8900
t +44 (0)20 7138 3204 t +44 (0)20 7138 32
Copies of this announcement are available from the Company's website atwww.serabigold.com.
Neither the Toronto Stock Exchange, nor any other securities regulatory authority, has approved or disapproved of the contents of this announcement.
Certain statements in this announcement are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors. A number of factors could cause actual results to differ materially from the results discussed in the forward looking statements including risks associated with vulnerability to general economic and business conditions, competition, environmental and other regulatory changes, actions by governmental authorities, the availability of capital markets, reliance on key personnel, uninsured and underinsured losses and other factors, many of which are beyond the control of the Company. Although any forward looking statements
Forward-looking statements
SERABI GOLD PLC
contained in this announcement are based upon what the Directors believe to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such forward looking statements.
Qualified Persons Statement
The scientific and technical information contained within this announcement has been reviewed and approved by Michael Hodgson, a Director of the Company. Mr Hodgson is an Economic Geologist by training with over 30 years' experience in the mining industry. He holds a BSc (Hons) Geology, University of London, a MSc Mining Geology, University of Leicester and is a Fellow of the Institute of Materials, Minerals and Mining and a Chartered Engineer of the Engineering Council of UK, recognizing him as both a Qualified Person for the purposes of Canadian National Instrument 43-101 and by the AIM Guidance Note on Mining and Oil & Gas Companies dated June 2009.
Neither the Toronto Stock Exchange, nor any other securities regulatory authority, has approved or disapproved of the contents of this news release.
2nd Floor, 30-32 Ludgate Hill, London EC4M 7DR t +44 (0)20 7246 6830 f +44 (0)20 7246 6831 econtact@serabimining.comwww.serabigold.com Registered Office 66 Lincoln's Inn Fields, London, WC2A 3LH Company Number 5131528
This document is not intended to and does not amount to an invitation or inducement to subscribe for shares in Serabi Gold plc
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Serabi Gold plc published this content on 20 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 June 2018 09:07:07 UTC