Serabi Gold Ord Shs T.SBI

Alternate Symbol(s): SRBIF

Metals & Mining Gold

Serabi Gold plc is a United Kingdom-based gold mining and development company. The Company is focused on conducting gold mining and exploration in Brazil. It operates the Palito Mining Complex and the Coringa Project, in the Tapajos region of the State of Para. The Palito Mining Complex is formed by approximately 64,707 hectares (ha) of tenements, including 1,150 ha of mining concession. In addition, there are 2,877 ha in mineral exploitation applications, 41,588 ha in mineral exploration licenses, 15,896 ha in three extension requests for exploration licenses and two applications for exploration comprising over 3,196 ha. Palito Mining Complex consists of the Palito and Sao Chico gold deposits in Para State in central north Brazil. Its Coringa Gold Project is located approximately 200 kilometers (km) south of Palito and 70km southeast of the city of Novo Progresso in the State of Para. Its five zones of vein mineralization include Valdette, Galena, Mae de Leite, Meio and Come Quieto.

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Serabi Gold Ord Shs

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Post by relicon Jan 05, 2001 4:02am

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Post# 3073962

New info about the lawsuit

SBI Skin Biology has filed a lawsuit in British Columbia against a brokerage house and certain individuals. This concerns a private placement to raise funds for the Company's clinical trials and the subsequent diversion of these funds by persons in Vancouver. The suit also concerns stock purchased for $156,000 (USD) by Dr. and Mrs. Pickart to support the Company. However, approximately 1,200,000 shares of this stock was issued in another person's name and never delivered to the Pickarts. As of January 4, 2001, the defendants have returned over 1 millions shares of Skin Biology stock and the Company anticipates a settlement of the suit. relic

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