Keras Resources PLC Shareholder and Analyst Conference Call (0903A)
21 March 2017 - 11:30PM
UK Regulatory
TIDMKRS
RNS Number : 0903A
Keras Resources PLC
21 March 2017
Keras Resources plc / Index: AIM / Epic: KRS / Sector:
Mining
21 March 2017
Keras Resources plc ("Keras" or "the Company")
Shareholder and Analyst Conference Call
Keras Resources plc is pleased to announce that it will be
holding a shareholder and analyst conference call on Wednesday 22
March 2017 at 10.30 am GMT. During the call, Managing Director,
Dave Reeves will be discussing the proposed listing of the
Company's gold assets on the Australian Stock Exchange via the
transaction under which Keras (Gold) Australia Pty Ltd ("Keras
Australia") will be sold to Pharmanet Group Limited ("Pharmanet")
by an exchange of shares, which was announced earlier today (the
"Transaction"). The consideration will comprise Pharmanet shares
which will be listed on ASX. Assuming that milestones specified in
the agreement are met, Keras will own 750m Pharmanet shares at an
initial price of A$0.02, with a value of A$15m (approx.
GBP9.2m).
As the Transaction is classified under AIM Rule 15 as a
fundamental change of business, the Company will be posting a
circular containing, inter alia, details of the Transaction and a
Notice of General Meeting to shareholders shortly (the
"Circular").
The Circular will clarify that, assuming the Company's
shareholders approve the Transaction at the General Meeting, Keras
will continue to be classified as an operating mining company and
not a cash shell. As previously announced, Keras is awaiting the
award of a mining permit for its Nayega Manganese Project in Togo
and management look forward to providing further updates regarding
this project in the near future. Furthermore, the Board is actively
assessing new projects, which can be operated in conjunction with
Nayega, to generate additional value for the Company's shareholders
and looks forward to providing updates on these developments as
soon as it is in a position to do so.
To participate in this conference call, please dial 0808 109
0701, or +44 (0) 20 3003 2701 if you are calling from outside of
the UK, and enter participant code 5227962# when prompted to do so.
Please note that all lines will be muted with the exception of
Keras' management, however the Company invites shareholders to
submit questions to its public relations adviser, St Brides
Partners Ltd, ahead of the call via email to
shareholderenquiries@stbridespartners.co.uk or through the online
chat function which will run alongside the call.
To access the online chat function, please use the link below
and log in as a participant using the event number 956 195 656
followed by the password, 'Keras':
https://sbmf.webex.com/sbmf/onstage/g.php?MTID=ee7532913d3a707ace4d70634b49c185e
On the right-hand side of the screen you will find an option to
submit questions during the call. The Q&A function will only be
made live once the call has commenced.
The management team will strive to answer as many questions as
possible during the course of the call. A recording of the call
will also be made available on the Company's website.
If you have any problems accessing the call, please contact St
Brides Partners Ltd on shareholderenquiries@stbridespartners.co.uk
or call +44 (0) 20 7236 1177.
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
Financial PR
Susie Geliher/Charlotte Page St Brides Partners Limited +44 (0) 20 7236 1177
This information is provided by RNS
The company news service from the London Stock Exchange
END
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