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Exercise of Warrants & Issue of Equity

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RNS Number : 0360T
Keras Resources PLC
12 November 2019
 

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

12 November 2019

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

Exercise of Warrants & Issue of Equity

 

Keras Resources plc, the AIM listed mineral resource company, announces that it has received a notice of exercise of a warrant  over 7,000,000 new ordinary shares of 0.1 pence each in the share capital of the Company (the 'Warrant Shares') at a price of 0.36 pence per share, which were granted on 24 May 2018. Accordingly, the Company has today issued the Warrant Shares to the warrant holder for an aggregate cash consideration of £25,200.

 

Application has been made for the Warrant Shares to be admitted to trading on the AIM market of the London Stock Exchange ('Admission'). The Warrant Shares will rank pari passu in all respects with the existing issued ordinary shares of 0.1 pence each in the capital of the Company. Admission is expected to occur on or around 15 November 2019.

 

Total Voting Rights

Following the issue of the Warrant Shares, the total issued share capital of the Company will consist of 2,498,358,439 ordinary shares of 0.1 pence each carrying the right to one vote. There are no shares currently held in treasury.  The total number of voting rights in the Company will therefore be 2,498,358,439 and this figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Rules and Transparency Rules.

 

**ENDS**

 

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

 

Russell Lamming

Keras Resources plc

[email protected]

 

Nominated Adviser & Broker

Ewan Leggat / Charlie Bouverat

 

SP Angel Corporate Finance LLP

+44 (0) 20 3470 0470

 

Financial PR

Isabel de Salis / Cosima Akerman

St Brides Partners Ltd

+44 (0) 20 7236 1177

 

 


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Quick facts: Keras Resources PLC

Price: 0.1725

Market: AIM
Market Cap: £4.31 m
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