Keras Resources Plc announced a private placement of convertible loan notes for the gross proceeds of £597,805 on May 24, 2024. The notes will have 4% per annum interest rate and conversion price of £0.0275. The convertible loans are being made to company and may be converted at any time by notice given by the holders, interest will be compounded annually and included with the amount being converted, or paid at the end of the 4 year loan period if not converted.