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 £21.2 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.

Current stock price: 149.00 pence, down 14% in London on Wednesday

12-month change: up from 64.00p

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