Information  X 
Enter a valid email address

Legendary Invest PLC (LEG)

  Print      Mail a friend

Friday 13 May, 2011

Legendary Invest PLC

Investment in Terra Energy Limited

RNS Number : 5884G
Legendary Investments PLC
13 May 2011
 



13 May 2011

Legendary Investments Plc

 

("Legendary" or the "Company")

 

Investment in Terra Energy Limited ("Terra")

 

Legendary is pleased to announce that it has secured a participation in a pre-IPO financing for Terra. Terra has been established to explore and develop unconventional oil and gas resources in Europe, North Africa and elsewhere. Terra aims to become a significant player in Europe and other markets.

Terra has identified targets in Europe and Africa. The funds raised by Terra will be utilised to secure licenses, provide the working capital and to list Terra on the AIM market. Terra aims to list within the next 6 months.

The Management Team of Terra Energy have extensive worldwide experience in oil and gas and mineral exploration, and have a network of contacts providing them with access to high quality projects. The management team have a proven track record of successful exploration in the oil & gas sector in starting, listing and delivering returns to investors.

The Company has invested Euro30,000 in to Terra.

 

Contact:



Legendary Investments Plc

Rajesh Rai / Thomas Reuner

020 8201 3536

Northland Capital

Partners Limited

(Nominated Adviser)

Gavin Burnell / Rod Venables

020 7796 8800

 


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

a d v e r t i s e m e n t