Keras Resources PLC - mine developer focused on West Africa and the US - Expressions of interest from investors for the broker option share placing has exceed the 625 million shares which are available for investors to purchase. The company now expects to raise gross proceeds of £750,000.

‘It is great news to have had expressions of interest that exceed the number of shares available under the broker option. I would like to thank all our shareholders and new investors who indicated an interest in this offering. As outlined before, we are fully committed to driving shareholder value through maximizing the potential of the Diamond Creek asset, optimizing efficiencies and generating cash flows,’ says Chief Executive Officer Russell Lamming.

Current stock price: 0.11 pence, down 3.2% on Friday

12-month change: down 8.3%

Copyright 2022 Alliance News Limited. All Rights Reserved.