TIDMKRS

RNS Number : 1097G

Keras Resources PLC

24 May 2017

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

24 May 2017

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

Result of General Meeting

Keras Resources plc, the AIM listed mineral resource company, is pleased to announce that all resolutions were passed at the General Meeting of the Company held earlier today.

Following the approval of the resolution put to shareholders, the proposed acquisition by Pharmanet Group Limited ("Pharmanet") of 100% of the issued share capital of the Company's wholly owned subsidiary Keras (Gold) Australia Pty Ltd ("Keras Australia"), as previously announced on 21 March 2017 (the "Transaction"), will advance according to the anticipated schedule of events shown below. For further information, investors are referred to the Circular sent to shareholders on 2 May 2017, which is also available on the Company's website and can be accessed using the following link: http://www.kerasplc.com/documents/KerasResourcesPlc-Circular28.4.2017.pdf.

Anticipated schedule of events:

 
 Proposed receipt of ASX Capital             28 May 2017 
  Raising funds by Pharmanet 
--------------------------------  ---------------------- 
 Pharmanet General Meeting in                30 May 2017 
  Australia 
--------------------------------  ---------------------- 
 Completion of Transaction                   2 June 2017 
--------------------------------  ---------------------- 
 Listing of Calidus on ASX         3 June or as directed 
                                                  by ASX 
--------------------------------  ---------------------- 
 

Keras Managing Director Dave Reeves said, "I am delighted that the Company's shareholders have supported our vision for the creation of a well-funded, standalone ASX listed company that will facilitate the rapid advancement of these exciting gold assets. I believe that this is a structure which will benefit both our UK and Australian investors and I look forward to finalising the remaining items listed in the anticipated schedule of events ahead of the listing of Calidus on the ASX in the coming weeks."

**ENDS**

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

 
                                                                      dave@kerasplc.com 
  Dave Reeves                     Keras Resources plc 
 
  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 
Damon Heath/Erik Woolgar        Shard Capital Ltd                    +44 (0) 20 7186 9952 
Tom Curran/Ben Tadd             SVS Securities                       +44 (0) 20 3700 0093 
 
  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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May 24, 2017 06:26 ET (10:26 GMT)

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