Placing of Shares, Convertible Facility and Open Offer PR-Inside.com (Pressemitteilung)

10.11.09

London, November , 10, 2009 For immediate release 10 November 2009 Serabi Mining Plc ("Serabi" or the "Company") Placing of 139,867,833 new Ordinary Shares £300,000 Convertible facility Proposed open offer to raise £300,000 Highlights * Placing and Convertible facility to raise in total £2.398 million. * £300,000 open offer enables existing shareholders to participate on the same terms as the placing. * Funding will be used to undertake follow-up exploration around Palito. Mike Hodgson, Chief Executive, commented: "We are delighted to have completed this financing. The proceeds will be used to enhance the Palito project by investigating and evaluating a series of anomalies which have already been identified by the Company. I am confident that these funds will enable the Company to make further discoveries

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