K Sera Sera acquires 5% stake in Citi Gold Corporation

MUMBAI:  K Sera Sera Productions  has acquired a 5% stake in Australian Gold mining company, Citi Gold Corporation.

The company acquired the stake through its subsidiary K Sera Sera Holdings, Australia.The stake has been acquired for almost $6 million from the open market. The investment is a part of  the company’s strategy to diversify its exposure to the mining sector.

Citi Gold has a JORC complaint gold resource of 10 million ounce (310 Metric Tonnes). It has a current market capitalization of approx. over A$115 million.