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Pin to quick picksKeras Res Share News (KRS)

Share Price Information for Keras Res (KRS)

London Stock Exchange
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Share Price: 2.00
Bid: 1.80
Ask: 2.20
Change: 0.05 (2.56%)
Spread: 0.40 (22.222%)
Open: 1.95
High: 2.00
Low: 1.95
Prev. Close: 1.95
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Keras Resources Raises GBP310,000 To Continue Nayega Project Work

Wed, 29th Jan 2020 15:19

(Alliance News) - Keras Resources PLC on Wednesday said it has raised a total of GBP310,000 through the placing of 206.7 million shares at 0.15 pence per share.

The mineral resource company said the proceeds will be used to fast-track infrastructure development at the Nayega manganese project in northern Togo, held through its 85%-owned subsidiary Societe Generale de Mines SA.

Following admission of the placing shares, Keras will have around 2.8 billion shares in issue.

In a separate statement, the company said it has appointed Shard Capital Partners LLP as a joint broker effective immediately, joining SP Angel Corporate Finance LLP.

Shares in London-headquartered Keras were up 3.5% at 0.16 pence each on Wednesday in London.

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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