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Keras Resources finalizing plans to list on ASX

Keras Resources Plc said Jan. 26 that it is finalizing plans for a potential listing on the ASX, which will support the company's current listing on the LSE.

Keras Managing Director Dave Reeves added that the ASX listing will reflect the company's growing operational presence in Australia, led by the flagship Klondyke gold project in the East Pilbara District of Western Australia.

The company raised £600,000 through the placing of 171,428,571 ordinary shares of 0.10 pence each at 0.35 pence per share on the AIM market of the LSE. The proceeds will be used towards the retirement of 12-month loans secured in February 2016 and for general working capital purposes, as Keras moves to finalize its ASX listing.