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

info@kerasplc.com

 

Nominated Adviser / Joint Broker

Ewan Leggat / Charlie Bouverat

 

SP Angel Corporate Finance LLP

+44 (0) 20 3470 0470

 

Financial PR

Susie Geliher / Cosima Akerman

St Brides Partners Ltd

+44 (0) 20 7236 1177

 

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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