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KRS Keras Resources Plc

2.70
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Keras Resources Plc LSE:KRS London Ordinary Share GB00BMY2T534 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.70 2.60 2.80 2.95 2.70 2.95 7,693 08:00:04
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Iron Ores 994k -1.08M -0.0134 -2.01 2.16M

Keras Resources PLC Calidus commences Novo JV and exercise of Option (6226V)

06/11/2017 7:00am

UK Regulatory


Keras Resources (LSE:KRS)
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TIDMKRS

RNS Number : 6226V

Keras Resources PLC

06 November 2017

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

6 November 2017

Keras Resources plc ('Keras')

Calidus announces commencement of Novo JV,

exercise of Haoma Option and receipt of funds

Keras Resources plc, the AIM listed mineral resource company, is pleased to provide an update following an announcement published by Calidus Resources Limited ('Calidus'), in which Keras currently holds a 217.25m shares, which will increase to 723.75m shares as and when Calidus meets certain exploration milestones. Calidus has announced that it has completed its due diligence on the Novo Tenements that are included in the previously announced binding Term Sheet (ASX: 20 September 2017) and has notified Novo Resources Corp. (TSX.V:NVO) that all conditions precedent have been satisfied or waived and it will proceed with the transaction. In addition, based on the exceptional drill results that have been recorded largely on the ground related to the Haoma option, Calidus has exercised its option to acquire these tenements ensuring 100% ownership by Calidus of this rapidly expanding gold development project.

In addition, the Company has announced the full receipt of funds from the second tranche of the previously announced A$10m placement which results in Calidus being well funded as it continues to develop its assets and add intrinsic value at the Warrawoona Project in the Pilbara of Western Australia.

To view a full version of the Calidus announcement, which includes figures and maps, please click here:

http://www.investi.com.au/api/announcements/cai/cb4c3af7-8d4.pdf

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/Jamie Spotswood   Northland Capital Partners Limited   +44 (0) 20 3861 6625 
Broker 
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 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCMMMGMVVZGNZG

(END) Dow Jones Newswires

November 06, 2017 02:00 ET (07:00 GMT)

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