Keras Resources ( (GB:KRS) ) has issued an update.
Keras Resources plc has issued 3,618,734 new ordinary shares at a price of 1.4861 pence per share to settle fees and liabilities with professional advisors and directors, including Russell Lamming and Brian Moritz. This issuance, deemed a related party transaction, will increase the company’s share capital to 99,015,911 ordinary shares, affecting shareholder calculations under UK financial regulations. The independent director, Claire Parry, has deemed the terms fair and reasonable for shareholders.
More about Keras Resources
Keras Resources plc is a mining company that wholly owns the Diamond Creek organic phosphate mine in Utah, US. The mine is known for its high-grade organic phosphate deposits and operates as a fully integrated mine-to-market operation, producing a variety of organic phosphate products tailored to customer requirements. The company is focused on expanding its market share in the US organic fertilizer market through its traditional milled dry rock products and a joint venture with Phosul LLC, aiming to establish Falcon Isle Resources as a leading organic phosphate producer in the US.
YTD Price Performance: -38.30%
Average Trading Volume: 131,841
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.38M
For an in-depth examination of KRS stock, go to TipRanks’ Stock Analysis page.