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Share Price: 2.15

Bid: 2.00

Ask: 2.30

Change: 0.00 (0.00%)

Spread: 0.30 (15.00%)

Open: 2.15

High: 2.15

Low: 2.15

Prev. Close: 2.15

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IN BRIEF: Kera Resources confirms Togo payment, Falcon Isle updates

Tue, 04th Jul 2023 17:07

Keras Resources PLC - mine developer focused on West Africa and the US - Confirms receipt of USD1.7 million cash consideration from the Republic of Togo, after dropping the Nayega manganese project in Togo to focus on targeting the organic fertiliser market in North America in mid-May.

Also notes, as per announcement in early July, Keras has now made cash payments of USD800,000. This is part of the consideration for the acquisition of Falcon Isle Resources LLC and Falcon Isle Holdings LLC, alongside USD240,000 being a severance payment to the former chief executive of Falcon Isle. As a result, Keras is no longer in default of the agreement entered into on March 30 for the purchase of the outstanding 49% of equity in Falcon Isle Resources and Falcon Isle Holdings.

Current stock price: 4.15 pence

12-month change: down 38%

By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

More News

16 Jan 2019 09:36

Keras Resources Reports High Grade From Nayega Over Expectations

LONDON (Alliance News) - Keras Resources PLC shares on Wednesday rose after the company reported high grade results from its Nayega Manganese project, in Togo, which exceeded shares were trading

6 Dec 2018 14:59

Keras Resources Notes Encouraging Warrawoona Gold Project Results

LONDON (Alliance News) - Mineral resource developer Keras Resources PLC on Thursday noted the high-grade drill results found at the Warrawoona gold project in western Australia.Shares in at

23 Oct 2018 11:09

Keras Resources' Calidus To Sell Warrawoona Tenements For Pacton Stake

LONDON (Alliance News) - Mineral resources company Keras Resources PLC said on Tuesday that Calidus Resources Ltd, in which Keras holds a 36% stake, has signed an agreement with Pacton Gold the of

17 Oct 2018 12:34

Keras Resources Investee Places Shares To Raise Cash For Gold Study (ALLISS)

LONDON (Alliance News) - Keras Resources PLC said Wednesday its investee Calidus Resources Ltd has placed 125 million shares to Alkane Resources Ltd to raise cash to complete a pre-feasibility at

12 Oct 2018 10:47

Keras Resources Investee Intersects Further Gold In Australia

LONDON (Alliance News) - Keras Resources PLC shares spiked Friday as the gold miner's investee, Calidus Resources Ltd, discovered "further" high-grade gold at its Coronation which of

27 Sep 2018 09:10

Keras hails high-grade gold at Copenhagen deposit

(Sharecast News) - A shallow, thick high-grade gold mineralisation has been uncovered at the Copenhagen deposit on the Warrawoona gold project, located in the Pilbara of Western Australia.

18 Sep 2018 13:43

Keras Plans Pitting Exercise At Ogaro After Positive Sampling Results

LONDON (Alliance News) - Keras Resources PLC on Tuesday said it secured positive results in samples collected from pits at Ogaro prospect in Togo, where it now plans to commence a pitting mineral

28 Aug 2018 13:35

Keras Resources Begins Bulk Sampling Programme At Nayega Project

LONDON (Alliance News) - Keras Resources PLC on Tuesday said it has started the 10,000 tonne bulk sampling metallurgical testwork programme at Nayega manganese project in northern Togo.The

28 Aug 2018 12:55

Keras Investee To Dispose Of Portfolio Of Eight Exploration Licenses

LONDON (Alliance News) - Keras Resources PLC said Tuesday Calidus Resources Ltd, of which it owns 35%, has agreed to sell gold rights over eight exploration licences.The company will sell 7

23 Aug 2018 14:14

Keras investment in Calidus paying off with new gold discovery

(Sharecast News) - Mineral resource company Keras Resources confirmed on Thursday that Calidus Resources had announced the discovery of a new gold strike extending over 1,000m at St Georges Shear prospect, located about 150m north of the current 654,000-ounce Klondyke resource.

23 Aug 2018 11:22

Keras Resources Shares Rise As Investee Calidus Finds Further Gold

LONDON (Alliance News) - Keras Resources PLC on Thursday said investee Calidus Resources Ltd has found a new gold strike at the Warrawoona project in Australia.Calidus' new discovery is

15 Aug 2018 11:22

Keras Resources Appoints Project Head And Contractors At Nayega

LONDON (Alliance News) - Keras Resources PLC on Wednesday said it has made a number of appointments for its Nayega manganese project in northern Togo.Mining engineer Graham Stacey has been

15 Aug 2018 10:14

Keras Resources pressing ahead with Nayega sampling programme

(Sharecast News) - Mineral resource company Keras Resources announced a number of appointments to advance the 10,000 tonne bulk sampling metallurgical testwork programme at the Nayega Manganese Project in northern Togo on Wednesday, which it said hosted a current JORC Code mineral resource of 13.97Mt at 12.4% manganese.

14 Aug 2018 15:39

Keras Resources Investee Finds Gold Anomalies At Warrawoona Project

LONDON (Alliance News) - Mineral resource company Keras Resources PLC on Tuesday confirmed that Calidus Resources Ltd has identified a number of significant gold-in-soil anomalies across its gold

23 Jul 2018 15:08

Keras given permission for bulk sampling programme at Nayega

(Sharecast News) - Mineral resource company Keras Resources announced on Monday that, as a "critical step" in the exploitation permit approval process, it has been granted permission to undertake a bulk sampling metallurgical testwork programme at the Nayega Manganese Project in northern Togo.

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IN BRIEF: Kera Resources confirms Togo payment, Falcon Isle updates

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