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Legendary Invest PLC (LEG)

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Friday 06 May, 2016

Legendary Invest PLC

Disposals

RNS Number : 5455X
Legendary Investments PLC
06 May 2016
 

6 May 2016

 

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

Disposal of Stakes in Oracle Coalfields PLC and Sula Iron & Gold PLC

Legendary Investments PLC (AIM: LEG) announces that is has disposed of its stakes in Oracle Coalfields  PLC  and  Sula  Iron  &  Gold  PLC.  While the  disposals  have only raised limited additional funds of circa £25,000, they indicate the Company's intention to focus on its core investments, Virtual Stock, Bosques Energeticos SA de CV, Manas Resources LLP and Amedeo Resources plc and to seek additional promising investments of which a number are currently under review.

 

For further information, please contact:

Legendary Investments Plc

Zafar Karim / Thomas Reuner

 

020 8201 3536

Grant Thornton UK LLP

 

Colin Aaronson/ Melanie Frean / Harrison Clarke

020 7383 5100

Beaufort Securities Limited

 

Elliot Hance

020 7382 8300

 

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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