Serabi follows up placing with open offer



17 November 2009 @ 10:48 am BST

Serabi Mining has announced an open offer at 1.5p per share to raise up to £317,274 before expenses.

The funding will be used for follow-up exploration around the Palito gold mine in Brazil.

The offer follows last week's placing and is at the placing price. It represents a discount of 25% to the closing price on 16 November.

Story provided by Business Financial Newswire

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