Greenstone investment in Serabi Gold completes

Serabi Gold announced on Friday that the share subscription by Greenstone Resources, as announced on 23 March, has been completed.

The AIM-traded firm said Greenstone, a leading mining-focussed private equity group, invested $15m to acquire a 29.82% interest in the company.

“The subscription conditions have been satisfied and the subscription shares will be admitted to trading on AIM with effect from 0800 BST today,” the Serabi board confirmed in its statement.

“The Toronto Stock Exchange has also given conditional approval for the listing of the subscription shares for trading on the TSX subject to confirmation from the company's advisers that all necessary legal and regulatory procedures have been followed.”