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Legendary Invest PLC (LEG)

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Wednesday 11 August, 2010

Legendary Invest PLC

Loan Facility, Issue and Canc

RNS Number : 9106Q
Legendary Investments PLC
11 August 2010
 

11 August 2010

 

LEGENDARY INVESTMENTS PLC

(the "Company")

 

Loan Facility, Issue of New Warrants and Cancellation of Existing Warrants

 

The Company announces that it has entered in to loan facility agreements with four investors ("the Lenders") for a total sum of £30,000.

 

The Company is entitled to drawdown under the facility in separate tranches up to the total sum and such amount drawn down shall bear no interest and have no fixed date for repayment.

 

The Company has granted the Lenders a total of 260,000,000 warrants over new ordinary shares in the Company at an exercise price of 0.1p per share and which are valid for 5 years.

 

In addition, Gavin Preston and Zafar Karim, the directors of the Company, have cancelled the 250,000,000 warrants held by them personally.

 

 

 

Contact:

Legendary Investments Plc

Gavin Preston, Chairman and Chief Executive

 

+44 208 205 4923



Astaire Securities Plc, Nominated Adviser & Broker

Gavin Burnell / Avi Robinson

 

 

+44 20 7492 4750

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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