Keras Resources PLC Issue of Equity and Total Voting Rights (4082X)
February 21 2017 - 2:15AM
UK Regulatory
TIDMKRS
RNS Number : 4082X
Keras Resources PLC
21 February 2017
Keras Resources plc / Index: AIM / Epic: KRS / Sector:
Mining
21 February 2017
Keras Resources plc ('Keras' or 'the Company')
Issue of Equity and Total Voting Rights
Keras Resources plc announces that following the passage of all
resolutions at the Company's Annual General Meeting on 10 February
2017, it has issued the second tranche of 44,610,827 Loan
Conversion Shares as detailed in the Company's announcement of 3
February 2017.
Application has been made for the admission of the second
tranche of Loan Conversion Shares to trading on the AIM Market of
the London Stock Exchange ('Admission') and Admission is expected
to occur on 24 February 2017. These Loan Conversion Shares will
rank pari passu with the existing Ordinary Shares, which are
currently traded on AIM.
Total Voting Rights
Following the Admission of the second tranche of Loan Conversion
Shares there will be 1,719,209,021 Ordinary Shares in issue with
each share carrying the right to one vote. There are no shares
currently held in treasury. The total number of voting rights in
the Company will therefore be 1,719,209,021 and this figure may be
used by shareholders as the denominator for the calculations by
which they determine if they are required to notify their interest
in, or a change to their interest in, the Company under the
Financial Conduct Authority's Disclosure Rules and Transparency
Rules.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
Unless otherwise indicated, all defined terms in this
announcement shall have the same meaning as described in the
Company's announcement of 3 February 2017.
**ENDS**
For further information please visit www.kerasplc.com, follow us
on Twitter @kerasplc or contact the following:
Dave Reeves Keras Resources plc dave@kerasplc.com
Nominated Adviser
Gerry Beaney/David Hignell Northland Capital Partners Limited +44 (0) 20 3861 6625
Broker
Elliot Hance/Jonathon Belliss Beaufort Securities Limited +44 (0) 20 7382 8415
Financial PR
Susie Geliher/Charlotte Page St Brides Partners Limited +44 (0) 20 7236 1177
Notes
Keras has a portfolio of owner-operated gold interests and cash
generative joint venture gold projects. The Company's strategy is
focussed on advancing its owner-operator gold interests towards
production whilst concurrently identifying and assessing low risk,
high margin joint venture operations to enable continuing cash
flows. The Company benefits from an experienced management team,
which has extensive gold experience and is based in Perth, reducing
execution risk.
Gold Projects
Warrawoona Gold Project - Western Australia
-- Contains the primary Klondyke Gold Project and the Copenhagen
Gold Deposit
-- Total Inferred Mineral Resource Inventory of 5.8Mt @ 2.2g/t
Au for 410,000oz
-- Active growth strategy - continue to assess additional
opportunities in the project area to add contiguous lease areas to
the critical mass that has been consolidated
Tribute Gold Projects
Keras has a portfolio of tribute mining agreements in the
Kalgoorlie Goldfield, Australia and is targeting 20,000-30,000oz
gold per annum from these assets.
Wider Portfolio
Keras is currently awaiting a mining permit for its Nayega
Manganese Project in Togo. Once received it will look to develop
the asset into a low-cost export mining operation.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCPGUGUPUPMURG
(END) Dow Jones Newswires
February 21, 2017 03:15 ET (08:15 GMT)
Keras Resources (LSE:KRS)
Historical Stock Chart
From Apr 2024 to May 2024
Keras Resources (LSE:KRS)
Historical Stock Chart
From May 2023 to May 2024