Keras Resources PLC Calidus appoints Mark Connelly as Chairman (3599F)
20 February 2018 - 6:01PM
UK Regulatory
TIDMKRS
RNS Number : 3599F
Keras Resources PLC
20 February 2018
Keras Resources plc / Index: AIM / Epic: KRS / Sector:
Mining
20 February 2018
Keras Resources plc ('Keras')
Calidus appoints Mark Connelly as Chairman
Keras Resources plc, the AIM listed mineral resource company, is
pleased to provide an update following an announcement published by
Calidus Resources Limited ('Calidus'). Calidus has announced the
appointment of experienced mining executive Mark Connelly to the
Board as an independent, Non-Executive Chairman. Mark has extensive
board and leadership experience in companies across a variety of
commodities and jurisdictions including Australia, West Africa,
North America and Europe.
Mark was previously Managing Director of Papillion Resources and
was instrumental in the US$570m takeover of Papillion by B2Gold
Corp in October 2014. Prior to Papillon, Mark was Chief Operating
Officer of Endeavour Mining Corporation, following its merger with
Adamus Resources Limited where he was Managing Director and CEO.
Mark was instrumental in not only the merger, but procurement of
project finance and the development of the Nzema Mine in Ghana into
a +100Koz pa mining operation.
Mark is currently Non-Executive Chairman at West African
Resources Ltd. and Non-Executive Director at Ausdrill Ltd and Tiger
Resources Ltd.
Mark is a Member at Australian Institute of Co. Directors,
(MAICD) a Member of the Australian Institute of Management, (AIMM)
and a Member of the Society of Mining, Metallurgy and Exploration
(SME).
Calidus' current Chairman, Mr Keith Coughlan, will continue as
Non-Executive Director on the Board.
Dave Reeves said, "I am delighted with the appointment of Mark
Connelly to the Calidus Board of Directors as Chairman. Mark has an
outstanding reputation in the market and an enviable track record
of creating significant value for shareholders. Mark's appointment
to the Board has significantly bolstered the corporate and industry
experience in Calidus as it continues the expansion and development
of its flagship Warrawoona gold project."
To view a full version of the Calidus announcement, which
includes figures and maps, please click here:
https://www.investi.com.au/api/announcements/cai/6136d459-16e.pdf
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
**ENDS**
Keras currently holds a 458.375m shares in Calidus, which will
increase to 723.75m shares as and when Calidus issues a successful
PFS at Warrawoona. It is the intention of Keras to in-specie
distribute these shares to Keras shareholders at the appropriate
time when this is achieved.
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
Joint Brokers
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
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