LONDON, June 4, 2014 (GLOBE NEWSWIRE) -- Serabi Gold plc (AIM:SRB) (TSX: SBI ) announces that it was informed on 3 June 2014 that Daniel Kunz, a Non-Executive Director of the Company, sold on 3 June 2013 5,096,084 Serabi ordinary shares of 0.5p each ("Shares") at a price of 5.75p per Share. Following the sale, Daniel Kunz has an interest in 468,642 Shares representing 0.07 per cent. of the issued share capital of Serabi. The Shares sold by Daniel Kunz were purchased by Fratelli Investments Ltd ("Fratelli"). A copy of the TR-1 received today by the Company from Fratelli is set out below. Following the purchase, Fratelli is now interested in 343,613,166 Shares representing 52.35 per cent. of the issued share capital of the Company. Nicolas Banados, a Non-Executive Director of the Company, is an attorney-in-fact of Fratelli.
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: contact@serabigold.com | |
| Website: 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 | |
| Matthew Armitt | Tel: +44 (0)20 7418 9000 |
| Ross Allister | Tel: +44 (0)20 7418 9000 |
| Blytheweigh | |
| Financial PR | |
| Tim Blythe | Tel: +44 (0)20 7138 3204 |
| Mobile: +44 7816 924626 | |
| Halimah Hussain | Tel: +44 (0)20 7138 3203 |
| Mobile: +44 7725 978141 |
Copies of this release 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 news release.
Link to Statutory Form TR 1 http://media.globenewswire.com/cache/27976/file/26810.pdf
