Serabi Gold (SRB)
Serabi Gold acquires Chapleau for up to $22m
Serabi Gold has agreed to acquire Chapleau Resources, which owns the Coringa gold project in Brazil, for up to $22m.
Serabi said it would make an initial payment to current owner Anfield on closing of the transaction of $5m in cash, with a further $5m payable within three months of closing.
A final payment of $12m in cash would be due upon the earlier of either the first gold being produced or 24 months from the date of closing.
At 9:49am: (LON:SRB) Serabi Mining PLC share price was 0p at 4.13p
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|Bid / Ask||3.5 / 4|
|Day Range||3.9 / 3.94|
|52Week Range||3.50 / 6.17|
|Last Update: 09:03:15 (24/11/17)|