Calidus Resources - Agreement with Pacton Gold

RNS Number : 8239E

Keras Resources PLC

23 October 2018

 

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

23 October 2018

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

Calidus Resources - Definitive Agreement Concluded with Pacton Gold on Disposal of Non-Core Conglomerate Gold Rights

Keras Resources plc, the AIM listed mineral resource company, notes the update released by Calidus Resources Limited (ASX:CAI) ('Calidus') regarding the implementation of a definitive agreement with Pacton Gold Inc (TSXV:PAC) ('Pacton').  The definitive agreement concerns the disposal of non-core conglomerate gold rights over certain tenements at Warrawoona in consideration for 7,000,000 shares in Pacton. The agreement will be completed within 50 days of today's announcement.

To view a full version of the Calidus announcement, which includes figures and maps, please click here: https://www.calidus.com.au/investors/asx-announcements/. For more information on Calidus and Warrawoona, please visit www.calidus.com.au.

For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of Russell Lamming, Chief Executive Officer.  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:

Russell Lamming	Keras Resources plc	[e-mail]
Nominated Adviser / Joint Broker Ewan Leggat / Charlie Bouverat	SP Angel Corporate Finance LLP	[phone]
Financial PR Susie Geliher / Cosima Akerman	St Brides Partners Ltd	[phone]

Notes

Keras Resources plc is focused on building a strategic portfolio of resource assets. The Company provides investors with exposure to a strategic portfolio of development assets, including manganese, cobalt and nickel in Togo, West Africa, and also has a significant interest in a highly prospective gold exploration and development portfolio in Australia.

Keras benefits from a highly skilled management team, which has extensive operational experience in Africa and Australia with proven success in advancing assets up the value curve.

 

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