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Serabi Gold PLC - Brazil-focused gold miner - Peel Hunt says Greenstone Resources II LP and Fratelli Investments Ltd intend to sell up to 15.7 million shares in Serabi Gold to institutional investors. This includes all of Greenstone’s 3.9 million shares and around 11.8 million Fratelli shares. In total, just under 21% of Serabi Gold stock will be placed with investors. Fratelli expects to hold a 10% stake in Serabi after the placing. The placing price will be determined by way of an accelerated bookbuilding process. Peel Hunt LLP and Tamesis Partners LLP have been appointed as Joint Bookrunners. Serabi is not a party to the placing and will not receive any proceeds. Current stock price: 172.50 pence 12-month change: more than doubled Copyright 2025 Alliance News Ltd. All Rights Reserved.
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