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(Sharecast News) - Mineral resource company Keras Resources updated the market on Monday, following the resignation of the Togolese prime minister Komi Selom Klassou and his government.
The AIM-traded firm said the change in government, which had been expected since the election in February, was delayed until now by the Covid-19 pandemic.
Its board had reported on 25 September that the management team held a series of "constructive meetings" in Lomé in recent weeks, with it set to continue the process with the incoming government.
"The change in government is a procedural process and the directors do not expect it to impact or undermine the significant progress that has been made in both Lomé and at the Nayéga Manganese Project," the board said in its statement.
"Management will remain in Togo for the rest of the week, and the company looks forward to updating shareholders in the near term with developments."
At 1129 BST, shares in Keras Resources were up 2.86% at 0.14p.
24 Mar 2016 16:10