TIDMKRS

RNS Number : 3500M

Keras Resources PLC

23 May 2022

Keras Resources plc / Index: AIM / Epic: KRS / Sector: Mining

23 May 2022

Keras Resources plc ('Keras' or the 'Company')

Notice of Interest in Shares

Keras Resources Plc was notified on 19 May 2022 that First Uranium Resources Ltd and AxCap Ventures Inc, both Canadian incorporated entities, now own 10.03% and 7.04% respectively of the issued ordinary share capital of the Company.

Russell Lamming, CEO of Keras, commented,

"With the closing of the GBP1.95m (excluding fees) capital raise and securing 100% of the high grade organic phosphate Diamond Creek mine, the Company is excellently positioned to deliver into the growing organic agricultural sector. This sector is underpinned by the macro-economic tailwinds of the global fertiliser markets."

"First Uranium Resources Ltd initially subscribed for 10% of the Company in the equity placing announced on 29 April 2022 and have illustrated their support of the Company by procuring the acquisition of an additional 7% in the market by AxCap Ventures. I look forward to working closely with our new cornerstone investor and updating the market again as we move forward in this exciting chapter in the Company's evolution and growth."

**S**

For further information please visit www.kerasplc.com , follow us on Twitter @kerasplc or contact the following:

 
 Russell Lamming                    Keras Resources plc           info@kerasplc.com 
 Nominated Adviser & Joint          SP Angel Corporate Finance 
  Broker                             LLP 
  Ewan Leggat / Charlie Bouverat                                  +44 (0) 20 3470 0470 
 
  Joint Broker                       Shard Capital Partners 
  Damon Heath / Erik Woolgar         LLP                           +44 (0) 207 186 9900 
 Financial PR 
  Felicity Winkles / Josh 
  Funnell                           Celicourt Communications      +44 (0) 777488 43871 
 

TR-1: S tandard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS 
 
 1a. Identity of the issuer or the                                        Keras Resources PLC 
  underlying issuer of existing shares 
  to which voting rights are attached 
  (ii) : 
                                                             -------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
 Non-UK issuer 
                                                                                                     ---- 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights                                                           X 
                                                                                                     ---- 
 An acquisition or disposal of financial instruments 
                                                                                                     ---- 
 An event changing the breakdown of voting rights 
                                                                                                     ---- 
 Other (please specify) (iii) : 
                                                                                                     ---- 
 3. Details of person subject to the notification obligation (iv) 
 Name                                                         Axcap Ventures Inc. 
 City and country of registered office                        Vancouver, British Columbia, Canada 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.) (v) 
 Name 
                                                             -------------------------------------------- 
 City and country of registered office 
  (if applicable) 
                                                             -------------------------------------------- 
 5. Date on which the threshold was                           19/05/2022 
  crossed or reached (vi) : 
                                                             -------------------------------------------- 
 6. Date on which issuer notified                             19/05/2022 
  (DD/MM/YYYY): 
                                                             -------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                              % of voting       % of voting rights    Total of both   Total number 
                            rights attached      through financial     in % (8.A +     of voting rights 
                            to shares (total        instruments            8.B)        held in issuer 
                                of 8. A)           (total of 8.B                       (8.A + 8.B) 
                                                    1 + 8.B 2)                         (vii) 
                          ------------------  ---------------------  --------------  -------------------- 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached               7.04%               Nil                    7.04%           561,000,000 
                          ------------------  ---------------------  --------------  -------------------- 
 Position of               N/A                 N/A                    N/A 
  previous notification 
  (if 
  applicable) 
                          ------------------  ---------------------  --------------  -------------------- 
 
 
 
 8. Notified details of the resulting situation on the date on which 
  the threshold was crossed or reached (viii) 
 A: Voting rights attached to shares 
 Class/type of                 Number of voting rights                       % of voting rights 
  shares                        (ix) 
  ISIN code (if 
  possible) 
                                      Direct                Indirect               Direct             Indirect 
                                     (DTR5.1)              (DTR5.2.1)              (DTR5.1)           (DTR5.2.1) 
                                                     --------------------- 
 Ordinary / GB00B649J414       561,000,000                                   7.04% 
                              ---------------------  ---------------------  --------------------  ---------------- 
 
 
 SUBTOTAL 8. 
  A                                            561,000,000                                   7.04% 
                              --------------------------------------------  -------------------------------------- 
 
 B 1: Financial Instruments according to DTR5.3.1R (1) (a) 
 Type of financial             Expiration   Exercise/                  Number of voting            % of voting 
  instrument                    date         Conversion Period          rights that may             rights 
                                (x)          (xi)                       be acquired if 
                                                                        the instrument 
                                                                        is 
                                                                        exercised/converted. 
                              -----------  -------------------------  --------------------------  ---------------- 
 
 
 
                                            SUBTOTAL 8. B 
                                             1 
                                           -------------------------  --------------------------  ---------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  DTR5.3.1R (1) (b) 
 Type of financial        Expiration        Exercise/         Physical           Number of         % of voting 
  instrument               date (x)          Conversion        or cash            voting rights     rights 
                                             Period (xi)       Settlement 
                                                               (xii) 
                         ----------------  ----------------  -----------------  ---------------- 
 
 
 
                                                              SUBTOTAL 
                                                               8.B.2 
                                                             -----------------  ---------------- 
 
 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled                            X 
  by any natural person or legal entity and does not control any other 
  undertaking(s) holding directly or indirectly an interest in the 
  (underlying) issuer (xiii) 
 Full chain of controlled undertakings through which the voting rights 
  and/or the 
  financial instruments are effectively held starting with the ultimate 
  controlling natural person or legal entity (please add additional 
  rows as necessary) (xiv) 
      Name (xv)          % of voting rights      % of voting rights       Total of both if 
                           if it equals or        through financial        it equals or is 
                          is higher than the      instruments if it        higher than the 
                         notifiable threshold    equals or is higher     notifiable threshold 
                                                 than the notifiable 
                                                      threshold 
                       ----------------------  ---------------------  ------------------------ 
 Axcap Ventures Inc.    7.04%                   Nil                    7.04% 
                       ----------------------  ---------------------  ------------------------ 
 
 
 
 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder 
                                               ----------------------------------------------- 
 The number and % of voting rights 
  held 
                                               ----------------------------------------------- 
 The date until which the voting rights 
  will be held 
                                               ----------------------------------------------- 
 
 11. Additional information (xvi) 
 
 
 
 
 Place of completion   Vancouver, British Columbia, Canada 
 Date of completion    19/05/2022 
                      ------------------------------------ 
 

TR-1: S tandard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS 
 
 1a. Identity of the issuer or the                                        Keras Resources PLC 
  underlying issuer of existing shares 
  to which voting rights are attached 
  (ii) : 
                                                             -------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
 Non-UK issuer 
                                                                                                     ---- 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights                                                           X 
                                                                                                     ---- 
 An acquisition or disposal of financial instruments 
                                                                                                     ---- 
 An event changing the breakdown of voting rights 
                                                                                                     ---- 
 Other (please specify) (iii) : 
                                                                                                     ---- 
 3. Details of person subject to the notification obligation (iv) 
 Name                                                         First Uranium Resources Ltd. 
 City and country of registered office                        Vancouver, British Columbia, Canada 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.) (v) 
 Name 
                                                             -------------------------------------------- 
 City and country of registered office 
  (if applicable) 
                                                             -------------------------------------------- 
 5. Date on which the threshold was                           04/05/2022 
  crossed or reached (vi) : 
                                                             -------------------------------------------- 
 6. Date on which issuer notified                             19/05/2022 
  (DD/MM/YYYY): 
                                                             -------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                              % of voting       % of voting rights    Total of both   Total number 
                            rights attached      through financial     in % (8.A +     of voting rights 
                            to shares (total        instruments            8.B)        held in issuer 
                                of 8. A)           (total of 8.B                       (8.A + 8.B) 
                                                    1 + 8.B 2)                         (vii) 
                          ------------------  ---------------------  --------------  -------------------- 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached               10.03%              Nil                    10.03%          800,000,000 
                          ------------------  ---------------------  --------------  -------------------- 
 Position of               N/A                 N/A                    N/A 
  previous notification 
  (if 
  applicable) 
                          ------------------  ---------------------  --------------  -------------------- 
 
 
 
 8. Notified details of the resulting situation on the date on which 
  the threshold was crossed or reached (viii) 
 A: Voting rights attached to shares 
 Class/type of                 Number of voting rights                       % of voting rights 
  shares                        (ix) 
  ISIN code (if 
  possible) 
                                      Direct                Indirect               Direct             Indirect 
                                     (DTR5.1)              (DTR5.2.1)              (DTR5.1)           (DTR5.2.1) 
                                                     --------------------- 
 Ordinary / GB00B649J414       800,000,000                                   10.03% 
                              ---------------------  ---------------------  --------------------  ---------------- 
 
 
 SUBTOTAL 8. 
  A                                            800,000,000                                  10.03% 
                              --------------------------------------------  -------------------------------------- 
 
 B 1: Financial Instruments according to DTR5.3.1R (1) (a) 
 Type of financial             Expiration   Exercise/                  Number of voting            % of voting 
  instrument                    date         Conversion Period          rights that may             rights 
                                (x)          (xi)                       be acquired if 
                                                                        the instrument 
                                                                        is 
                                                                        exercised/converted. 
                              -----------  -------------------------  --------------------------  ---------------- 
 
 
 
                                            SUBTOTAL 8. B 
                                             1 
                                           -------------------------  --------------------------  ---------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  DTR5.3.1R (1) (b) 
 Type of financial        Expiration        Exercise/         Physical           Number of         % of voting 
  instrument               date (x)          Conversion        or cash            voting rights     rights 
                                             Period (xi)       Settlement 
                                                               (xii) 
                         ----------------  ----------------  -----------------  ---------------- 
 
 
 
                                                              SUBTOTAL 
                                                               8.B.2 
                                                             -----------------  ---------------- 
 
 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled                                X 
  by any natural person or legal entity and does not control any other 
  undertaking(s) holding directly or indirectly an interest in the 
  (underlying) issuer (xiii) 
 Full chain of controlled undertakings through which the voting rights 
  and/or the 
  financial instruments are effectively held starting with the ultimate 
  controlling natural person or legal entity (please add additional 
  rows as necessary) (xiv) 
        Name (xv)            % of voting rights      % of voting rights       Total of both if 
                               if it equals or        through financial        it equals or is 
                              is higher than the      instruments if it        higher than the 
                             notifiable threshold    equals or is higher     notifiable threshold 
                                                     than the notifiable 
                                                          threshold 
                           ----------------------  ---------------------  ------------------------ 
 First Uranium Resources 
  Ltd.                      10.03%                  Nil                    10.03% 
                           ----------------------  ---------------------  ------------------------ 
 
 
 
 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder 
                                                   ----------------------------------------------- 
 The number and % of voting rights 
  held 
                                                   ----------------------------------------------- 
 The date until which the voting rights 
  will be held 
                                                   ----------------------------------------------- 
 
 11. Additional information (xvi) 
 
 
 
 
 Place of completion   Vancouver, British Columbia, Canada 
 Date of completion    19/05/2022 
                      ------------------------------------ 
 

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May 23, 2022 02:01 ET (06:01 GMT)

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