REG - Keras Resources PLC - Issue of Fee Shares

Keras ResourcesAnnouncement

02/02/2024 07:00

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RNS Number : 8421B  Keras Resources PLC  02 February 2024

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

 

 2 February 2024

 

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

 

Issue of Fee Shares

 

Keras Resources plc (AIM: KRS) announces that it has issued 400,000 new
ordinary shares of 1 pence each ("Ordinary Shares") in the Company at a price
of 3.75 pence per new Ordinary Share in lieu of payment of £15,000 for
professional advisory services to SP Angel Corporate Finance LLP.

Admission and Total Voting Rights

 

Application has been made for the 400,000 new Ordinary Shares to be admitted
to trading on AIM which is expected to occur on or around 7 February 2024.
Following Admission, the Company's issued share capital will comprise
80,497,177 Ordinary Shares with voting rights. This figure of 80,497,177
Ordinary Shares may be used by shareholders in the Company as the denominator
for the calculations by which they will determine if they are required to
notify their interest in, or a change in their interest in, the share capital
of the Company under the Disclosure Rules and Transparency Rules of the United
Kingdom Financial Conduct Authority.

 

**ENDS**

 

For further information please visit www.kerasplc.com
(http://www.kerasplc.com/) , follow us on Twitter @kerasplc or contact the
following:

 

 Graham Stacey                         Keras Resources plc             info@kerasplc.com (mailto:info@kerasplc.com)

 Nominated Adviser & Joint Broker      SP Angel Corporate Finance LLP  +44 (0) 20 3470 0470

 Ewan Leggat / Caroline Rowe

 Joint Broker                          Shard Capital Partners LLP      +44 (0) 207 186 9900

 Damon Heath / Erik Woolgar

 

Notes:

Keras Resources (AIM: KRS) wholly owns the Diamond Creek organic phosphate
mine in Utah, US. Diamond Creek is one of the highest-grade organic
phosphate deposits in the US and is a fully integrated mine to market
operation with in-house mining and processing facilities. The operation
produces a variety of organic phosphate products that can be tailored to
customer organic fertiliser requirements.

 

The Company is focused on continuing to build market share through its
traditional milled dry rock products as well as its recently announced
granulator Joint Venture with Phosul LLC in the fast-growing US organic
fertiliser market and build Falcon Isle Resources into the premier organic
phosphate producer in the US.

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