Keras Resources PLC Calidus Resources Commences Trading (8430I)
June 22 2017 - 1:00AM
UK Regulatory
TIDMKRS
RNS Number : 8430I
Keras Resources PLC
22 June 2017
Keras Resources plc / Index: AIM / Epic: KRS / Sector:
Mining
22 June 2017
Keras Resources plc ('Keras' or 'the Company')
Calidus Resources Commences Trading
Keras Resources plc, the AIM listed mineral resource company,
notes that Calidus Resources Limited ("Calidus") has lodged the
following release on the Australian Securities Exchange (ASX),
confirming that it has commenced trading on the ASX as of this
morning.
http://www.asx.com.au/asxpdf/20170622/pdf/43k373b9c08kv6.pdf
Keras holds 217m shares in Calidus and a further 525m[1]
Performance Shares.
Keras Director Dave Reeves said, "We are delighted that Calidus
has commenced trading on the ASX. This marks a major milestone and
final step in our plan to list our Australian gold assets on the
ASX having recognised that we can best realise value from these
assets by placing them in a standalone, Australian based company.
Calidus is solely focussed on the development of the Warrawoona
Gold Project and has already commenced drilling having successfully
raised A$7,875,000 (GBP4.5million). We retain significant upside
exposure to these assets through our Performance Shares whilst
continuing to advance our African portfolio of assets centred on
commodities that are critical to the rapidly growing battery market
- namely cobalt, manganese and nickel. I believe we have
successfully positioned our company for growth and look forward to
reporting Calidus' progress and providing shareholders with updates
on developments across our strategic portfolio."
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
**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
Damon Heath/Erik Woolgar Shard Capital Partners LLP +44 (0) 20 7186 9952
Tom Curran/Ben Tadd SVS Securities Plc +44 (0) 203 700 0093
Financial PR
Susie Geliher/Charlotte Page St Brides Partners Limited +44 (0) 20 7236 1177
[1] Keras will pay a fee of 3.5% of the 525m shares as per the
Notice of Meeting April 2017
This information is provided by RNS
The company news service from the London Stock Exchange
END
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