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Monday 07 July, 2014

Legendary Invest PLC

Investee company update - Bosques Energeticos

RNS Number : 5378L
Legendary Investments PLC
07 July 2014
 



7 July 2014

Legendary Investments Plc 
("Legendary" or the "Company")

Bosques Energeticos EBE S.A. de C.V. ("Bosques") successfully cultivates G4J jatropha on expanded plantation

On 6 November 2013, the Company announced that Bosques had developed early and high yielding G4J jatropha. The G4J jatropha commences yielding seeds in as early as six months and has high yields. In addition, unlike normal jatropha, G4J jatropha is non-toxic.

Since then, Bosques has secured an additional 7 ha of land in the State of Morelos, which neighbours Puebla to the West (the location of the initial 11 ha plantation). The land in Morelos is being used exclusively to grow G4J jatropha. There are currently 8,000 G4J jatropha plants growing on the land.

This development further demonstrates that Bosques is able to take plants developed in one area and conditions and successfully cultivate them elsewhere.

Bosques now has 18 ha under cultivation with 16,000 pongamia of which 300 are GP2 pongamia, 28,000 jatropha of which 14,000 are G4J jatropha and 3,000 castor.

-     Ends-

For further information, please contact:

Legendary Investments Plc

Zafar Karim / Thomas Reuner

 

020 8201 3536

Grant Thornton UK LLP

 

Colin Aaronson/ Melanie Frean / Jen Clarke

020 7383 5100

Beaufort Securities Limited

 

Saif Janjua

020 7382 8300

SI Capital                

 

Nick Emerson/ Andrew Thacker

01483 413500

 

About Legendary Investments Plc

Legendary Investments Plc 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 and natural resources.

For more information, visit www.leginvest.com


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