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Legendary Invest PLC (LEG)

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Wednesday 28 August, 2013

Legendary Invest PLC

Investee company Creon Resources update

RNS Number : 6712M
Legendary Investments PLC
28 August 2013
 



28 August 2013

Legendary Investments Plc

("Legendary")

 

Investee Company Update - Creon Resources PLC ("Creon") ready to "Strike Steel"

 

Legendary, the proactive investment company, is pleased to report that its investee company, Creon Resources PLC ("Creon"), the Aim-listed resource and resource infrastructure focused investment has announced that, Jiangsu Yangzijiang Offshore Engineering Co. Ltd. ("YZJOE"), in which it has a 18.6% stake, is ready to "strike steel" on the construction of its 350ft Le Tourneau "super enhanced 116e" design self-elevating Mobile Offshore Jack-up Drilling Rig.

 

"Striking steel"  means that the detailed engineering phase has been successfully completed and execution of the underlying project can now begin.

 

Further details are available at:

http://www.creonresources.com/uploads/13/Strike%20Steel%20Draft%201%20230813.pdf

For further information, please contact:

Contact:



Legendary Investments Plc

Zafar Karim / Thomas Reuner

 

020 8201 3536

Grant Thornton UK LLP

 

Colin Aaronson/ Melanie Frean / Jen Clarke

 

020 7383 5100

SI Capital  Limited              

 

Nick Emerson/ Andrew Thacker

01483 413500

Newgate Threadneedle

Caroline Evans-Jones

020 7653 9850

 

 

About Legendary Investments Plc

 

Legendary is a proactive investment company that focuses on making investments in and assisting companies which exhibit the potential to generate returns of many multiples through capital appreciation.  Typically, Legendary invests in small companies where there are clear catalysts for value appreciation and the companies are operating in sectors exhibiting long term growth. Examples of such sectors include technology, energy, natural resources and mining. Legendary is incorporated in the UK, which is its principal country of operation.


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