Private equity firm invests $15m in Serabi

Private equity group Greenstone Resources has agreed to invest $15-million to acquire a 29.82% interest in Brazil-focused gold exploration and production company Serabi Gold. The strategic investment will take place via a subscription for 297 759 419 new ordinary shares at a price of 3.6p each, representing a 0.55% discount to the closing mid-price of 3.62p a share on Thursday.