04:15:37 EST Fri 28 Jan 2022
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Serabi Gold PLC (2)
Symbol SBI
Shares Issued 75,734,551
Close 2021-11-01 C$ 1.24
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Serabi Gold COO resigns

2021-11-02 07:14 ET - News Release

Mr. Mike Hodgson reports

CHANGES IN BRAZILIAN OPERATIONAL MANAGEMENT

Roney Almeida has stepped down from his position as chief operating officer of Serabi Gold PLC. Helio Tavares has joined the company in the position of general manager of projects and operations effective Nov. 1, 2021. Mr. Tavares will report directly to Mike Hodgson, chief executive officer of Serabi, and have responsibility for the continuing operations at the Palito complex and oversee the development and construction of the Coringa gold mine. Mr. Tavares was part of the team involved with Serabi that originally developed the Palito mine and designed and oversaw the construction of the process plant in 2004. Having been involved as a consultant with a number of other junior mining groups in Brazil, he returned to Serabi in 2013 to oversee the recommissioning of the Palito complex and held the position of general manager for five years.

Mr. Hodgson commented: "I would like to take this opportunity to sincerely thank Roney for his dedication and the professionalism he has brought to Serabi over the past three years. We all wish him well in his future endeavours. Helio Tavares was responsible for the redevelopment of Palito in 2013 and construction of the Sao Chico operation. I am pleased to welcome him back to Serabi and look forward to working with him again. The board has elected to discontinue the position of COO at this time and those responsibilities will be shared between myself and Helio."

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