Risk warning: The value of investments and derived income can fall. Investors may get back less than they invested.

Keras Resources Plc – Calidus Announces High Grade Intercepts

Keras Resources plc, the AIM listed mineral resource company, is pleased to provide an update following an announcement published by Calidus Resources Limited (‘Calidus’). Calidus has announced significant diamond drilling results from Klondyke, Copenhagen, Coronation and Fieldings Gully that confirm the presence of high-grade gold at all of Calidus’ prospects located in the Pilbara of Western Australia, with Calidus to commence an accelerated drilling programme imminently. In addition, a tenement application located contiguous to the current Novo Resources Corp (Novo) JV tenements has been added to the JV arrangement.




  • Visible gold observed during geological logging confirmed by high-grade assays in all three core holes drilled at Klondyke;
  • Wide high-grade mineralisation confirmed in core drilling at the Copenhagen, Coronation and Fieldings Gully satellite deposits, all within 10km of Klondyke;
  • Significant intercepts include:

o  Klondyke           17KLDD001: 25m @ 3.41g/t Au from 88m

o  Copenhagen      17CPDD001: 6m @ 7.74g/t Au from 70m

17CPDD002: 4m @ 7.46g/t Au from 56m

o  Coronation         17CRDD001: 10m @ 3.31g/t Au from 108m

o  Fieldings Gully   17FGDD001: 10m @ 9.68g/t Au from 85m

  • Preparations for extensional drilling at Klondyke East, Fieldings Gully and Copenhagen commenced, aim to complete by end of year; and
  • Further tenement application with extensive soil anomaly added to the Novo JV.


Dave Reeves commented, “Calidus has successfully intersected multiple high-grade gold intercepts at all of their satellite deposits drilled to date, in addition to a wide high-grade zone in the middle of the Klondyke resource. This ongoing regional exploration in proximity to Klondyke continues to reveal encouraging results which provide further support for the potential for significant new discoveries and additional resource ounces at Klondyke and within the existing tenement portfolio. In light of these excellent results, Calidus has expanded the previously announced Klondyke East drilling to target extensions of the recently drilled Fieldings Gully and Copenhagen deposits with drilling due to commence at the end of this week.


With drilling due to commence again imminently and the resource upgrade on track for delivery this year, Calidus continues to aggressively define this large, shear hosted gold project which they believe will support a stand-alone gold development in the future.”


To view a full version of the Calidus announcement, which includes figures and maps, please click here:



Keras currently holds a 217.25m shares in Calidus, which will increase to 723.75m shares as and when Calidus meets certain exploration milestones.  It is the intention of Keras to in-specie distribute these shares to Keras shareholders at the appropriate time when this is achieved.


This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.



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

Dave Reeves Keras Resources plc dave@kerasplc.com


Nominated Adviser
Gerry Beaney/David Hignell/Jamie Spotswood Northland Capital Partners Limited +44 (0) 20 3861 6625


Damon Heath/Erik Woolgar Shard Capital Partners LLP +44 (0) 20 7186 9952
Tom Curran/Ben Tadd SVS Securities Plc +44 (0) 203 700 0093


This information is provided by RNS

The company news service from the London Stock Exchange

European Metals Holdings Ltd – Results of Annual General Meeting

In accordance with ASX Listing Rule 3.13.2, European Metals Holdings Limited advises that the resolutions contained in the Notice of Annual General Meeting dated 9 November 2017 were passed by the requisite majority of security holders.  All resolutions were decided on a show of hands.

Please find below a table showing the results in relation to each resolution put to Shareholders of EMH.

Total number of proxy votes

exercisable by all proxies validly appointed

Resolutions For Against Abstain Proxy Discretion Total
1.     Election of Director – Mr Richard Pavlik 57,390,909 5,416 0 450,000 57,846,325
2.     Re-election of Director – Mr Kiran Morzaria 57,390,909 5,416 0 450,000 57,846,325
3.     Ratification of Prior Issue of Options to Consultants 57,390,909 5,416 0 450,000 57,846,325
4.     Ratification of Prior Issue of Options to Mr Richard Pavlik 57,390,909 5,416 0 450,000 57,846,325
5.     Ratification of Prior Issue of CDIs – Funding Facility 57,390,909 5,416 0 450,000 57,846,325
6.     Approval of 10% Placement Capacity 57,380,909 15,416 0 450,000 57,846,325
7.     Approval of Employee Securities Incentive Plan 31,285,665 13,890,416 12,220,244 450,000 57,846,325
8. (a)   Approval to issue CDIs to Directors – Mr Keith Coughlan 35,015,909 13,880,416 8,500,000 450,000 57,846,325
8. (b)   Approval to issue CDIs to Directors – Mr David Reeves 39,795,665 13,890,416 3,720,244 450,000 57,846,325
8. (c)    Approval to issue CDIs to Directors – Mr Richard Pavlik 43,515,909 13,880,416 0 450,000 57,846,325
8. (d)   Approval to issue CDIs to Directors – Mr Kiran Morzaia 43,515,909 13,880,416 0 450,000 57,846,325



Julia Beckett




European Metals Holdings Limited

Keith Coughlan, Chief Executive Officer


Kiran Morzaria, Non-Executive Director


Julia Beckett, Company Secretary

Tel: +61 (0) 419 996 333

Email: keith@europeanmet.com


Tel: +44 (0) 20 7440 0647


Tel: +61 (0) 8 6141 3500

Email: julia@europeanmet.com


Beaumont Cornish (Nomad & Broker)

Michael Cornish

Roland Cornish


Tel: +44 (0) 20 7628 3396

Email: corpfin@b-cornish.co.uk


The information contained within this announcement is considered to be inside information, for the purposes of Article 7 of EU Regulation 596/2014, prior to its release.


This information is provided by RNS

The company news service from the London Stock Exchange

Canadian Overseas Petroleum – Share Options Grant

Calgary, Canada, November 27, 2017 – Canadian Overseas Petroleum Limited (“COPL” or the “Company”) (XOP: TSX-V) & (COPL: LSE), an international oil and gas exploration and development company focused on offshore West Africa, announces that its Board of Directors approved the granting of 60,035,000 Share Options of the Company effective November 27, 2017. The Share Options were granted under the Company’s Share Option Plan at an exercise price of $0.015 per share to the Company’s directors, officers, employees and consultants.


About the Company:

The Company is an international oil and gas exploration and development company focused in offshore West Africa. The Company is actively pursuing opportunities in Nigeria in partnership with Shoreline Energy International Limited (“Shoreline”) as part of its strategy to generate stable cash flow from secure offshore assets. The Company and Shoreline, through their jointly held affiliated company Shoreline Canadian Overseas Petroleum Development Corporation (“ShoreCan”), have acquired 80% of the share capital, and have taken over the management, of Essar Exploration and Production Limited (Nigeria) (“Essar Nigeria”). Essar Nigeria holds an attractive oil appraisal and development project in shallow to mid-water offshore Nigeria on its 100% holding in OPL 226. Drilling of the first appraisal well is planned to commence in early 2018. ShoreCan is currently waiting for final approval from the Government of Nigeria for the acquisition.


ShoreCan is building a portfolio of exploration and development assets in sub-Saharan Africa. To date, ShoreCan has taken a position in Nigeria. It continues to evaluate a variety of additional assets in Nigeria, and Mozambique.


The Common Shares are listed under the symbol “XOP” on the TSXV and under the symbol “COPL” on the London Stock Exchange.



For further information, please contact:


Mr. Arthur Millholland, President & CEO

Canadian Overseas Petroleum Limited

Tel: + 1 (403) 262 5441


Cathy Hume

CHF Investor Relations

Tel: +1 (416) 868 1079 ext. 231

Email: cathy@chfir.com


Harriet Jackson/Charles Goodwin

Yellow Jersey PR Limited

Tel: +44 (0) 75 4427 5882

Email: copl@yellowjerseypr.com


Broker: London Stock Exchange

Shore Capital Stockbrokers Limited

Edward Mansfield
Phone: T: +44 20 7468 7906


This news release contains forward-looking statements. The use of any of the words “initial, “scheduled”, “can”, “will”, “prior to”, “estimate”, “anticipate”, “believe”, “should”, “forecast”, “future”, “continue”, “may”, “expect”, and similar expressions are intended to identify forward-looking statements. The forward-looking statements contained herein are based on certain key expectations and assumptions made by the Company, including, but not limited to, the ability to raise the necessary funding for operations, delays or changes in plans with respect to exploration or development projects or capital expenditures. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements since the Company can give no assurance that they will prove to be correct since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties most of which are beyond the control of Canadian Overseas Petroleum Ltd. For example, the uncertainty of reserve estimates, the uncertainty of estimates and projections relating to production, cost overruns, health and safety issues, political and environmental risks, commodity price and exchange rate fluctuations, changes in legislation affecting the oil and gas industry could cause actual results to vary materially from those expressed or implied by the forward-looking information.   Forward-looking statements contained in this news release are made as of the date hereof and Canadian Overseas Petroleum undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

This information is provided by RNS

The company news service from the London Stock Exchange

Trump’s Tax Plan – A tale of expectations vs reality

The US tax plan proposed by Trump’s administration looks like the biggest tax overhaul in the US since President Reagan in 1986.  Simplifying tax law has remained a priority for Trump since the campaign.  Nevertheless, there have been doubts about how they will successfully pass anything, despite Congress and the White House being under Republican control.  Recent positive developments have however reignited GOP hopes that longed-for tax reform is on track, and so the party can accomplish its first major legislative success of the year.   After much discussion, both House and the Senate Republicans passed their respective tax plans earlier this month, thereby taking a significant step forward.

Proposals made in the GOP Tax Plan

Individual and Corporate Taxes: The bill seeks to slash the federal Corporate Tax rate from 35% to 20%. For individual tax payers, House Republicans have proposed cutting the number of income tax bands from seven down to four (12%, 25%, 35% and 39.6%). On the other hand, the Senate version maintains current tax brackets but calls for lower tax rates. The Senate also wants to delay any cuts to Corporate Tax for a year, whilst reductions in individual tax would only be temporary.

One-time Repatriation Tax Rate: A 12% repatriation rate would be imposed on offshore earnings of US companies, while non-liquid assets would be taxed at a rate of 5%.

Increase in Standard Deductions: The GOP tax plan proposes a rise in the available standard deduction from $12,700 to $24,400 for married couples and from $6,350 to $12,200 for single individuals.

Rise in Child Tax Credit: The existing Child Tax Credit will be raised from $1,000 to $1,600. Also, a new $300 credit for every parent and non-child dependent has been proposed, a concession that would expire by the end of 2022. The Senate plan raises Child Tax Credits from $1,000 to $2,000. However, both plans preserve Adoption Tax credits.

Repeal of the Alternative Minimum Tax: The bill has proposed eliminating the Alternative Minimum Tax.

Limit on Mortgage Interest Deduction: The tax plan allows homeowners to deduct interest on mortgages up to $500,000 from $1 million. The Senate plan allows the deduction to remain up to $1 million, nut eliminates it for home equity loans.

No Change in the Retirement Savings Plan: The Republicans have left 401(k) contributions unchanged in the new tax bill.

Itemised Deductions to be Slashed: This would add new limits to itemised deductions for charitable contributions, medical expenses and student loan interest. Additionally, deductions for alimony, losses from theft or natural calamity, moving expenses and tax preparation fees would be removed.

Repeal of the Estate Tax: Under the new tax plan, the Estate Tax exemption would be doubled and then repealed in 2024.

No Repeal of Obamacare’s Individual Mandate: While the Senate prefers repealing the tax penalty for not having an insurance plan, there is no such provision in the House Republicans’ tax bill.

Tax for Pass-through Businesses: This is a planned 25% tax rate on qualifying business income from pass-through entities like partnerships, S corporations, trusts or sole proprietorships.

Possible impact on the Economy

As it stands, low and middle-income people stand to gain the most from the current tax plan. Doubling the standard deduction and raising child tax credits would lead to more disposable income, thus boosting consumption.  For US businesses, a massive cut in the Corporate Tax rate would be highly beneficial.  The one-time Repatriation Tax could encourage several companies to bring back their stockpiles of cash held overseas, to help in future expansion.  This would likely boost R&D activity, M&A deals and create new jobs.  Lower business taxes would ensure the US is more competitive globally, and would draw in more MNCs.  Republicans are arguing that the proposed reduction in taxes for individuals and businesses would boost consumer spending and business investment, driving US economic growth to about 3%.

On the negative side, a report by the Congressional Joint Committee on Taxation (JCT), suggests that the current proposition would lead to a 13% increase in individual taxation for those earning between $20,000 and $30,000 per year by 2021.  They would thereafter experience continuous hikes, reaching 25% by 2027.

Regarding the contentious issue of healthcare, repealing the individual mandate clause in the Affordable Health Care Act would increase insurance premiums by 10% in 2019, resulting in 13 million more uninsured by 2025.  If the proposed tax bill is signed into law, the Federal Medicare programme for seniors would see a $25 billion cut in funding next year and there would be automatic spending cuts thereafter.

Fiscal impact

Republicans have stuck with their argument that tax cuts will bolster the economy, and increased taxable income from higher growth will compensate for the proposed cuts.  Top rating agencies, including Moody’s Investors’ Service, and Fitch do not buy this view point.  Their expectation is that these plans will increase the budget deficit, and therefore US Federal debt.  According to a number of major think tanks, the proposed tax bill would increase the Federal deficit by $1.4 trillion over next 10 years.  The bill is poised to cut $5.9 trillion in taxes, while generating $4.5 trillion.

Even more worryingly, the CBO analysis predicts and increase of $1.7 trillion to the deficit over 10 years.  Subsequently, US public debt is estimated to stand at 97.1% of GDP by 2027.  This is up from their previous estimate of 91.2%.  To fast-track their tax bill and avoid roadblocks, Republicans will likely look to use the controversial “reconciliation process”, requiring only a simple-majority vote to pass the Senate.  In order to use this tactic, the revenue cost of the bill must remain below $1.5 trillion.  Furthermore, it cannot add any further burden to the long-term deficit.

US Government shutdown still looms

In September, Trump and Congressional Democrats reached a temporary agreement to raise the federal debt limit and fund the government through early December.  Beyond this however, the possibility of a government shutdown is looms large again, if GOP leaders cannot strike a deal with their Democratic counterparts on spending and other major issues.  If they cannot conform their bill to fit within the reconciliation process, Republicans will need Democratic support to pass a major spending bill through the Senate.  In return, they are likely to demand protection for Obamacare and The Deferred Action for Childhood Arrivals (DACA), as well as the reauthorisation of the Children’s Health Insurance Programme.  While Republicans are determined to pass tax cuts before the year-end, it is becoming more likely that US lawmakers could pass a stopgap spending bill to prevent a government shutdown for now.  This would also require Democratic votes and only a compromise between the two parties can avert a major government shutdown.


The lightning speed at which the current tax bill has moved through Congress in the last couple of weeks has raised its odds of passing and ultimately becoming law.  Nevertheless, this kind of ‘unorthodox’ legislative process has been criticized by many, including some of their own allies.  Most notably, Senator John McCain has stated he won’t support legislation that Majority Leader, Mitch McConnell, attempts to pass in this way.  With his desire for normal legislative procedure, the demands of Republican deficit hawks, and disagreements about Obamacare’s Individual Mandate, it’s a very narrow tightrope Trump will need to walk to avoid another setback.

Georgian Mining Corporation – Operations Update

Georgian Mining Corporation (‘GEO’ or the ‘Company’) is pleased to provide an update on the exploration and mineral resource development programmes underway across multiple targets within its 860 sq km licence on the Tethyan Belt in Georgia, including the Kvemo Bolnisi East Project (‘KB’ or the ‘KB Project’).  To view the press release with the illustrative maps and diagrams please use the following link:



Kvemo Bolnisi East Project targeting a 50MT+ copper – gold resource

  • New discovery 150m to the west of the GZ2 Mineral Resource, now called Gold Zone 3 (‘GZ3’) indicates scope for significant growth in tonnage – previously announced diluted intercept of 0.65g/t Au over 143.8m from 117.20m (TGD093) including:

o  1.2m @35g/t Au from 67.0m

o  75.3m@ 0.46g/t Au from 117.2m

o  56.0m @1.03g/t Au from 205.0m

  • Core logging indicates that two additional holes drilled at GZ3 have intersected the same mineralisation style extending the strike length in the process – assays underway
  • Geochemical multi element data between GZ2 and GZ3 drill holes indicate that the two zones may be connected at depth
  • New linear gold in soil anomaly and drill target that may increase the KB gold Resource highlighted by gold in soil geochemical surveys to the south of the KB Mineral Resource

o  KB has a current JORC Resource of 3.154Mt @ 0.82% Cu & 0.14g/t Au and a gold oxide resource of 2.29Mt @ 0.85g/t Au

  • Updated Mineral Resource on gold and copper based on the latest round of drilling which focused on the immediate environs around the GZ2 mineralisation expected from external resource consultants within weeks
  • Metallurgical test work continues on gold oxide ores from the KB Project
  • Negotiations continue in relation to the Company’s proposed KB gold oxide production and processing agreement and updates will be provided in due course.


Additional targets offer scope to expand the resource beyond the 50MT exploration target for KB

  • IP geophysical surveys at Tamarisi and Dambludka projects continue to generate new drill targets
  • Mapping and soil geochemistry work continues at Dambludka, a base and precious metal project covering a 2km by 1km area in preparation for a drill programme scheduled to commence early in the new year
  • Historic gold analyses in adit samples at Dambludka are recorded at grades as high as 775g/t Au


Georgian Mining Corp Managing Director Greg Kuenzel said, “Whether drilling or geochemical surveying, the results of our work at KB continue to be consistent with our geological model: that KB hosts large scale epithermal gold-copper mineralisation.  Our three-phase strategy to prove up our model is well advanced.   Having already hit our Phase 2 target of 3-5Mt, we expect to increase this further in the coming weeks with an updated Mineral Resource on both gold and copper at KB.  We continue to identify additional targets within KB and at other prospects across the licence, which strengthens our belief that there remains tremendous scope for us to deliver more than 50Mt of copper-gold resources as we look to build another significant copper gold operation on the prolific Tethyan Belt.”


Gold Zone 3 Growth

The initial step-out exploration at KB led to the discovery of Gold Zone 2 (‘GZ2’). The recently announced GZ3 discovery resulted from a further successful step-out to the west of GZ2.


Image 1: Plan showing location of Gold Zone 3 – See PDF


Detailed assessment of the mineralisation in drill core suggests a different mineralisation style to that found at GZ1 and GZ2 based on a review of the lithology, grade distribution and elemental associations.


The style of mineralisation is similar to a nearby Resource characterised by a gold – zinc association, interpreted to be part of a carbonate base metal low sulphidation epithermal deposit model. This new mineralisation style provides scope for the building of large tonnage. In effect, the KB exploration and drilling programme is potentially moving from a stage of incremental growth to one of exponential growth in line with the documented exploration and development strategy.


Two drill holes have been analysed and reported to date, TGD087 and TGD093 with encouraging results being achieved particularly in TGD093, where, accepting no limitation on internal waste in line with the bulk tonnage objective, mineralisation included an intercept at 117.2m returning a gold grade of 0.64g/t Au over 143.8m.


Two further holes, TGD105 and TGD106 have recently been completed and the core will be dispatched for analysis. Initial core logging indicates these holes, drilled to step-out from TGD093 have intersected the same mineralisation style.


Analysis of multi element geochemistry from the analysed holes at GZ3 with similar data for GZ2 further to the east indicates that the new mineralisation system extends eastwards over a minimum strike length of 250m. There is no drilling between these holes at GZ2 and GZ3 and this represents an obvious target for follow up.


A new drillhole, KWD003 intersected an epithermal quartz breccia returning an intercept of 59.5m at 88g/t Ag from 7.5m, approximately 700m to the southwest of GZ3. Whilst this intercept is not gold-rich, it is indicative of the continued exponential growth potential of the epithermal system. The area between these drill holes has not been previously tested and represents another obvious drill target.


New Extension to KB Gold Mineralisation

A soil geochemical survey has been successfully completed over the KB SW target, which forms the southern extension of the KB Mineral Resource. The survey identified a NE-SW oriented linear gold in soil anomaly that appears to be part of an arcuate regional feature that includes both the KB Mineral Resource and a large linear gold target situated to the immediate west. Again, KB SW represents an obvious drill target offering scope to further expand the KB Au oxide Mineral Resource.


Metallurgical Test Work

Further metallurgical test work including additional bottle rolls and column leach tests are continuing under the supervision of external metallurgical consultant Wardell Armstrong International.


Resource Estimation Update

A Mineral Resource estimation update is underway with the Company’s external Resource consultant. The Company expects to provide shareholders with an update in due course.


Dambludka Soil Survey Defines Larger Target

Two soil geochemical surveys have been successfully completed at Dambludka. The initial survey was confined to an area that overlies high-grade historical gold channel sample results from old drives and adits. Historical gold analyses in the channel samples are recorded at grades as high as 775g/t Au.


Adit 24 records 11 samples with channel grades exceeding 5g/t Au over a maximum channel width of 1.2m with peak grades of 16.2 and 14.8g/t Au. Adit 11a reported 5 samples exceeding 100g/t Au with peak grades of 775g/t Au, 679g/t Au and 249g/t Au over a maximum channel width of 1m and Adit 11 records 7 samples returning grades of greater than 70g/t Au over channel widths of 0.5m with peak grades of 260g/t au, 534g/t Au and 214g/t Au. The accuracy of these historical results will need to be validated with our own sampling to verify the grades. The initial overlying soil survey reported gold grades ranging from 0.38 to 1.01g/t Au. A follow up survey was completed to test the north, east and west extension of mineralisation returning typical gold in soil grades of between 0.1ppm Au and 1.ppm Au.


The results supported by the unusually high gold channel sample analyses are sufficiently anomalous to warrant a drill programme. An initial 8-hole programme has been planned to test the soil anomalies and underlying channel sample gold veins.


A 10km2 area has been identified as being anomalous and a forestry permit has been applied for in order to support access road and drill pad construction.  Drilling is expected to commence in Q1 2018.


IP Geophysical Survey Update 

IP geophysical surveys have been conducted over a number of targets within the Licence. The objectives are twofold, firstly to test for extensions to known mineralisation and secondly to provide additional data for subsequent interpretation during the latter part of Q4 to generate additional drill targets for Q1 2018.


Tamarisi Survey

The Tamarisi Project is located to the east of Tsitel Sopeli in the southern half of the Licence. Exploration was conducted by two Soviet expeditions in the late 60’s and mid-70’s and the most recent work was completed in 1998. The scope of work conducted is similar to the situation originally found by the Company at Kvemo Bolnisi and therefore potentially offers an opportunity to find new mineralisation by employing modern exploration techniques. Historic copper, lead and zinc analysis of drillholes that extended to 400m depth returned anomalous intercepts for base metals but failed to demonstrate any continuity of mineralisation compounded by the vertical inclination of drillholes.  It was also reported that core recoveries were frequently less than 50 per cent and the report also comments that areas of mineralisation in the core were washed out during drilling.  In 1998, 14 new holes were drilled and the report states that “In virtually all cases analysed, gold was found with grades up to 13.6g/t Au over 10m and to a depth of 350m”.


Soviet reports estimated that mineralisation occurred over a 2km2 area.


Other historic drill intercepts included DDH259 returning 4.2g/t Au over 10m from 202m, DDH612 returning 7.85g/t Au and 1.95% Cu over 5m from 384m, DDH614 returning 0.52g/t Au over 21m from 64.5m and, Trench 01B returning 1.07g/t Au over 11m.


GEO has completed a 3 line IP (4.8km) geophysical survey over the target area and generated both chargeability and resistivity anomalies. The Company’s external geophysical consultant has been provided with the raw data for interpretation.


The results of the interpretation and possible additional IP survey lines will determine what follow up will be required.


Dambludka Survey

A survey at Dambludka is scheduled to commence in the next few days and will provide supplementary information to the recently completed soil geochemical survey and ahead of the planned drilling programme.


Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.


Competent Person Statement

The information in this announcement that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by James Royall, who is a Member of the Australian Institute of Geoscientists.


James Royall has sufficient experience, relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking, to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ and as a qualified person as defined in the Note for Mining and Oil & Gas Companies which form part of the AIM Rules for Companies. James Royall has reviewed this announcement and consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears.


For further information please visit www.georgianmining.com  or contact:


Greg Kuenzel Georgian Mining Corporation Company Tel: 020 7907 9327
Ewan Leggat S. P. Angel Corporate Finance LLP Nomad & Broker Tel: 020 3470 0470
Soltan Tagiev S. P. Angel Corporate Finance LLP Nomad & Broker Tel: 020 3470 0470
Damon Heath Shard Capital Partners LLP Joint Broker Tel: 0207 186 9950
Frank Buhagiar St Brides Partners Ltd PR Tel: 020 7236 1177
Susie Geliher St Brides Partners Ltd PR Tel: 020 7236 1177


About Georgian Mining Corporation

Georgian Mining Corporation has 50% ownership and operational control of the Bolnisi Copper and Gold Project in Georgia, situated on the prolific Tethyan Belt, a well-known geological region and host to many high-grade copper-gold deposits and producing mines.  The Bolnisi licence covers an area of over 860 sq km and has a 30-year mining licence with two advanced exploration projects; Kvemo Bolnisi and Tsitsel Sopeli. Georgia has an established mining code and is a jurisdiction open to direct foreign investment.


GCG is developing the project in three phases:

  • Phase 1: H1 2017 target to delineate a minimum of 1-2 Mt to support initial spare capacity (now achieved and exceeded)
  • Phase 2: 2017 target to delineate a 3-5 Mt resource of combined copper-gold sulphide and gold oxide mineralisation (achieved)
  • Phase 3: Long term target – to delineate a resource of 50Mt+


This information is provided by RNS

The company news service from the London Stock Exchange

Keras Resources Plc – Calidus Announces Multiple New Gold Targets

Keras Resources plc, the AIM listed mineral resource company, is pleased to provide an update following an announcement published by Calidus Resources Limited (‘Calidus’), in which Keras currently holds a 217.25m shares, which will increase to 723.75m shares as and when Calidus meets certain exploration milestones.  Calidus has announced that it has completed an initial review of its recently expanded land holdings and has generated numerous high priority gold targets.




  • ASTER imagery received, initial review shows main Klondyke gold bearing structure readily identified via alteration signature;
  • CSIRO initial structural geology site visit highlighted that the Klondyke area has high potential to host deposits that extend at depths significantly greater than the current resource;
  • Hyperspectral and XRF commenced on drill core and chips with CSIRO mineral vector work planned for 2018. Aimed at supporting rapid assessment of ground holdings using ASTER imaging signatures and portable XRF (pXRF) by Calidus staff;
  • Initial review of Novo Resources’ area shows numerous targets including Klondyke East and recently worked mines such as Trump;
  • Review of potential conglomerate-bearing horizons on Calidus ground confirms 41km of prospective outcrop; and
  • Initial geological mapping and prospecting confirms presence of conglomerates and flat gold nuggets (up to 1cm in diameter) at one location with further work underway.


Appointment of Exploration Manager


  • Experienced Exploration Manager – Mr Brenton Siggs appointed by Calidus to accelerate review of extensive holdings and priority shear and conglomerate targets


Dave Reeves commented, “I am very pleased to report on the on-going regional exploration activities of Calidus. With a growing resource base at Klondyke, to have such a suite of exciting regional projects highlights the large potential of this area. With the assistance of the CSIRO, Calidus are getting a clearer picture of oreshoot control and methods that will allow them to rapidly and inexpensively explore the majority of their landholding. This, combined with extensive conglomerate outcrops, which are readily accessed from existing roads, provides Calidus with numerous high ranking targets for the year ahead. With such a large amount of opportunity, Calidus has recently employed Brenton Siggs, a highly experienced  Exploration Manager, to accelerate regional greenfields exploration of the wider tenure, whilst the current team continue to focus on resource expansion around known deposits.”


To view a full version of the Calidus announcement, which includes figures and maps, please click here:




This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.


Glossary of Technical Terms


ASTER Advanced Space-borne Thermal Emission and Reflection Radiometer


CSIRO Commonwealth Science and Industrial Research Organisation


Hyperspectral A spectral imaging process that collects and processes information from across the electromagnetic spectrum in order to identify objects, materials or processes


XRF X-ray fluorescence, a process whereby electrons are displaced from their atomic orbital positions, releasing a burst of energy that is characteristic of a specific element.



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

Dave Reeves Keras Resources plc dave@kerasplc.com


Nominated Adviser
Gerry Beaney/David Hignell/Jamie Spotswood Northland Capital Partners Limited +44 (0) 20 3861 6625


Damon Heath/Erik Woolgar Shard Capital Partners LLP +44 (0) 20 7186 9952
Tom Curran/Ben Tadd SVS Securities Plc +44 (0) 203 700 0093


This information is provided by RNS

The company news service from the London Stock Exchange

Hemogenyx Pharmaceuticals Plc – University of Oxford Collaboration

Collaboration promises to ‘turbo-charge’ development of blood cancer treatments


Hemogenyx Pharmaceuticals Plc (LSE: HEMO), a biotechnology company developing novel therapies to transform bone marrow, or blood stem cell, transplantation for the treatment of blood diseases, has entered into a collaboration with the University of Oxford to test new means of accelerating and improving the process by which transplanted blood stem cells grow and make healthy blood cells.


Hemogenyx will leverage the experience of researchers at the University of Oxford in administering certain biologics to stem cells to attempt to accelerate and improve the engraftment of hematopoietic stem and progenitor cells in animal models. Engraftment is the process by which blood stem cells integrate into the bone marrow and make healthy blood. If successful, this approach has the potential to dramatically improve the efficiency and safety of bone marrow transplants.


Hemogenyx also will test whether this approach facilitates the conversion of Human Post-natal Hemogenic Endothelial Cells (Hu-PHEC), Hemogenyx’s proprietary source of blood stem cells, into fully functional, transplantable blood stem cells. Hu-PHEC generate cancer-free, patient-matched blood stem cells and are the basis of Hemogenyx’s cell therapy product. Using Hu-PHEC, Hemogenyx intends to revolutionize bone marrow transplants, improving the efficacy of the therapy and potentially eliminating the need to find a matching bone marrow donor, a problem that the majority of patients who need allogeneic bone marrow transplants currently face.


Blood cancers affect more than 1.1 million people in the United States each year and it is estimated that 171,500 new patients were diagnosed with blood cancer in 2016. Currently, up to 60% of patients who need allogeneic bone marrow transplants are unable to find a donor match for the procedure, and, for those who do manage to identify a donor, up to 50% of bone marrow transplants fail due to the body’s rejection of the transplant, complications from the procedure or a relapse of the disease. Hemogenyx seeks to fundamentally change how bone marrow transplantation is performed and allow more people who need transplants to be able to obtain them by eliminating the need for a donor and improving their efficacy.


Professor Jagdeep Nanchahal at the University of Oxford, who is leading the Oxford team in the collaboration with Hemogenyx, said: “I’m excited to be partnering with Hemogenyx on their ground-breaking medical research. The in-vivo tests Hemogenyx is about to conduct have the potential to improve stem cell engraftment for patients suffering from blood cancers.”


Dr. Vladislav Sandler, CEO of Hemogenyx, said: “The collaboration between Hemogenyx and the University of Oxford promises to completely transform the treatment of blood cancers and turbo-charge the development of Hemogenyx’s Hu-PHEC technologies. By pairing Oxford’s established science and know-how with Hemogenyx’s advanced technologies, we are moving closer to developing reliable products that will eventually save lives.”




Hemogenyx Pharmaceuticals Limited www.hemogenyx.com
Dr Vladislav Sandler, Chief Executive Officer & Co-Founder Via Walbrook PR
Dr Robin Campbell, Chairman
Optiva Securities Ltd Tel: +44 (0)20 3137 1902
Christian Dennis
Shard Capital Partners LLP Tel: +44 (0)20 7186 9950
Damon Heath, Erik Woolgar
Peterhouse Corporate Finance Limited Tel: +44 (0)20 7469 0930
Lucy Williams/Duncan Vasey
Walbrook PR             Tel: +44 (0)20 7933 8780 or
Paul McManus              Mob: +44 (0)7980 541 893


About Hemogenyx Pharmaceuticals Plc

Hemogenyx Pharmaceuticals Plc is a publicly traded company (LSE: HEMO) headquartered in London, with its wholly owned U.S. operating subsidiary, HemoGenyx LLC, located in its state-of-the-art research facility in Brooklyn, New York. HemoGenyx is a preclinical-stage biopharmaceutical company focused on the discovery, development and commercialization of novel therapies and treatments for blood diseases such as leukemia and lymphoma. The company’s leading technologies aim to change the way in which bone marrow/hematopoietic stem cell (BM/HSC) transplants are performed and improve their efficacy. HemoGenyx’s two distinct and complementary products include an immunotherapy product for patient conditioning-the CDX bi-specific antibody-and a cell therapy product for BM/HSC transplantation-the HuPHEC. Each of these products holds the potential to revolutionize the way BM/HSC transplants are being performed, offering solutions that mitigate the dangers and limitations associated with the current standard of care. For more information, visit www.hemogenyx.com.


About Prof. Nanchahal

Jagdeep Nanchahal is a surgeon scientist with a particular interest in translating discoveries from the lab through to early clinical trials.


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The company news service from the London Stock Exchange

Rockpool Acquisitions Plc – Notice of Temporary Suspension of Listing from the Official List



Rockpool Acquisitions Plc


The Financial Conduct Authority (“the FCA”) temporarily suspends the securities set out below from the Official List effective from 20/11/2017 7:30am at the request of the company pending an announcement:


Ordinary Shares of GBP0.05 each; fully paid Standard Shares (GB00BF2MWC40)


This notice has been issued by Issuer Management – 0207 066 8352.

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The company news service from the London Stock Exchange

Rockpool Acquisitions Plc – Potential Reverse Takeover and Suspension of Listing

Rockpool Acquisitions Plc, the Special Purpose Acquisition Company (“SPAC”) formed to undertake the acquisition of a company or business headquartered or materially based in Northern Ireland, has entered into an agreement to loan Greenview Gas Ltd (“Greenview”), a heating, gas, electrical and renewable energy company in Northern Ireland, an initial £643,000 with a further potential drawdown of up to an additional £150,000 payable on 31stMarch 2018. The loan, which is to be used to acquire two businesses, will be secured by debentures over the assets of Greenview and the two target companies.


The loan agreement provides that, on demand by Rockpool, Greenview will procure that its shareholders grant Rockpool an option (in agreed form) to acquire the entire share capital of Greenview for consideration consisting of the issue of new ordinary shares of the Company, subject to certain conditions.  If that option were to be granted, and subsequently exercised, which the Board believes is desirable (subject to due diligence) it would constitute a Reverse Take Over (“RTO”) under the Listing Rules.  Therefore the Company has requested a suspension of its listing pending either the issue of an announcement giving further details of the RTO, the publication of a Prospectus, or an announcement that the RTO is no longer in contemplation.


Mike Irvine, co-founder and Non-Executive Director of Rockpool, said: “The loan to Greenview Gas is the first part of a potential transaction which is intended to see Rockpool transform from a SPAC into a fully-fledged and trading enterprise.  Greenview reflects the Board’s commitment to providing value to the investor community by observing the objectives set out at IPO stage of making an acquisition, within twelve months, of a profitable business headquartered in Northern Ireland, with an international outlook, a strong management team and strong potential to grow.”


For further information:

Rockpool Acquisitions Plc
Mike Irvine, Non-Executive Director Tel: +44 (0)28 9044 6733
Neil Adair, Non-Executive Director http://rockpoolacquisitions.plc.uk
Richard Beresford, Non-Executive Chairman


Shard Capital (Broker)
Damon Heath / Erik Woolgar Tel: +44 (0)20 7186 9952


Abchurch (Financial PR)
Julian Bosdet / Dylan Mark / Alejandra Campuzano Tel: +44 (0)20 7398 7741


Notes to Editors:

Rockpool Acquisitions Plc, a Special Purpose Acquisition Company based in Northern Ireland, whose shares have been admitted to the Official List of the London Stock Exchange by way of a Standard Listing, was formed to undertake the acquisition of a company or business headquartered, or materially based in Northern Ireland with the valuation of up to £20 million.  Once the first acquisition is completed, the Company may consider further complementary acquisitions.


Rockpool will focus on targeting an acquisition with the potential to grow to a substantial market capitalisation or, in due course, to be attractive to an industry or financial buyer.  The objective of the Company following completion of an acquisition will be to inject additional capital to facilitate the expansion of that business.


The Directors are of Northern Irish origin and have over 60 years’ combined experience of the local market.  Between them they have considerable industry, acquisitions, legal, public markets and financial and operational experience, with good access to potential targets.  The Directors believe that Rockpool’s ability to provide access to significant amounts of additional capital will be the key element in being able to attract a suitable target for acquisition.  It is likely that the acquisition, which Rockpool aims to make within twelve months of Admission, will be treated as a Reverse Takeover requiring the publication of a prospectus and an application to be re-admitted to the Official List of the London Stock Exchange.


Access to capital is a real issue for many fast-growing Northern Ireland businesses.  The Directors believe that there will be a number of businesses attracted to the prospect of raising capital through a listed cash-shell vehicle and will actively approach Rockpool seeking a reverse takeover.


For more information about Rockpool, please visit http://www.rockpoolacquisitions.plc.uk



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The company news service from the London Stock Exchange