09:48 AM EST - Serabi Gold plc : Has reached an agreement with Equinox Gold Corp. to extend the payment period for the final purchase instalment for the purchase of the Coringa gold project. The revised terms agreement with Equinox extends the final date for the completion of the final $12-million U.S. payment owed to Equinox for the acquisition of the Coringa Gold project until such time as there are no international travel restrictions imposed by the Brazilian authorities and also no travel restrictions within or into the State of Para, Brazil, where the Company’s Palito Complex gold production operations and the Coringa gold project are located. Under the terms of the extension the Company will start to make instalment payments in respect the Coringa Acquisition Payment of $500,000 U.S. per month payable on each of May 1, June 1 and July 1 which will increase to $1-million per month thereafter until such time as the Travel Restriction Condition is satisfied. Serabi Gold plc
shares T.SBI are trading unchanged at $0.85.
