Keras Resources PLC has issued 400,000 new ordinary shares at a price of 3.75 pence per share in lieu of payment for professional advisory services to SP Angel Corporate Finance LLP. The new shares are expected to be admitted to trading on AIM around 7 February 2024. Following this admission, the company's issued share capital will comprise 80,497,177 ordinary shares with voting rights.
Keras Resources wholly owns the Diamond Creek organic phosphate mine in Utah, US. The mine is one of the highest-grade organic phosphate deposits in the US and operates as a fully integrated mine-to-market operation with in-house mining and processing facilities. The operation produces a variety of organic phosphate products tailored to customer organic fertilizer requirements.
For further information, individuals can visit the company's website, follow them on Twitter, or contact the provided Nominated Adviser & Joint Broker.