Issue of Fee Shares

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, follow us on Twitter @kerasplc or contact the following:

Graham Stacey	Keras Resources plc	[e-mail]
Nominated Adviser & Joint Broker Ewan Leggat / Caroline Rowe Joint Broker Damon Heath / Erik Woolgar	SP Angel Corporate Finance LLP Shard Capital Partners LLP	[phone] [phone]

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.

 

END