SRB Serabi Gold Plc

 
TIDMSRB 
 
 
   For immediate release 
 
   10 March 2021 
 
   Serabi Gold plc 
 
   ("Serabi" or the "Company") 
 
   Accident at Palito Mine 
 
   Serabi Gold plc (AIM: SRB, TSX: SBI), regrets to announce an accident 
yesterday at its Palito Mine, as a result of which an employee was 
fatally injured in a mining-related accident whilst working underground 
at a production face.  No other personnel have suffered any injury. 
 
   Management is still completing its investigations into the circumstances 
of the accident, which will also determine if all operating procedures 
were being followed correctly at the time of the accident.  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 is expected to be resumed 
within a few days once the authorities have completed their enquiries. 
 
   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 
Palito mining operation.  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                                     Tel: +44 (0)20 7246 6830 
Chief Executive                                     Mobile: +44 (0)7799 473621 
 
Clive Line                                          Tel: +44 (0)20 7246 6830 
Finance Director                                    Mobile: +44 (0)7710 151692 
 
Email: mailto:contact@serabigold.com 
contact@serabigold.com 
-------------------------------------------------- 
Website: http://www.serabigold.com 
www.serabigold.com 
-------------------------------------------------- 
 
Beaumont Cornish Limited 
 Nominated Adviser and Financial Adviser 
Roland Cornish                                      Tel: +44 (0)20 7628 3396 
Michael Cornish                                     Tel: +44 (0)20 7628 3396 
 
Peel Hunt LLP 
 UK Broker 
Ross Allister                                       Tel: +44 (0)20 7418 8900 
 
 
 
 
   Copies of this announcement are available from the Company's website at 
www.serabigold.com. 
 
   Neither the Toronto Stock Exchange, nor any other securities regulatory 
authority, has approved or disapproved of the contents of this 
announcement. 
 
   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 26 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, 
recognising 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. 
 
   Forward Looking Statements 
 
   Certain statements in this announcement are, or may be deemed to be, 
forward looking statements. Forward looking statements are identi ed 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 re ect 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 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. 
 
   ENDS 
 
 
 
 

(END) Dow Jones Newswires

March 10, 2021 02:00 ET (07:00 GMT)

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