TIDMKRS

RNS Number : 8239E

Keras Resources PLC

23 October 2018

Keras Resources plc / Index: AIM / Epic: KRS / Sector: Mining

23 October 2018

Keras Resources plc ('Keras' or the 'Company')

Calidus Resources - Definitive Agreement Concluded with Pacton Gold on Disposal of Non-Core Conglomerate Gold Rights

Keras Resources plc, the AIM listed mineral resource company, notes the update released by Calidus Resources Limited (ASX:CAI) ('Calidus') regarding the implementation of a definitive agreement with Pacton Gold Inc (TSXV:PAC) ('Pacton'). The definitive agreement concerns the disposal of non-core conglomerate gold rights over certain tenements at Warrawoona in consideration for 7,000,000 shares in Pacton. The agreement will be completed within 50 days of today's announcement.

To view a full version of the Calidus announcement, which includes figures and maps, please click here: https://www.calidus.com.au/investors/asx-announcements/. For more information on Calidus and Warrawoona, please visit www.calidus.com.au.

For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of Russell Lamming, Chief Executive Officer. 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:

 
 Russell Lamming              Keras Resources plc           info@kerasplc.com 
 Nominated Adviser / Joint 
  Broker 
  Ewan Leggat / Charlie       SP Angel Corporate Finance    +44 (0) 20 3470 
  Bouverat                     LLP                           0470 
 Financial PR 
  Susie Geliher / Cosima                                    +44 (0) 20 7236 
  Akerman                     St Brides Partners Ltd         1177

Notes

Keras Resources plc is focused on building a strategic portfolio of resource assets. The Company provides investors with exposure to a strategic portfolio of development assets, including manganese, cobalt and nickel in Togo, West Africa, and also has a significant interest in a highly prospective gold exploration and development portfolio in Australia.

Keras benefits from a highly skilled management team, which has extensive operational experience in Africa and Australia with proven success in advancing assets up the value curve.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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October 23, 2018 02:00 ET (06:00 GMT)

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