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Leed Resources Issues Shares To Cover Consultancy Fees (ALLISS)

Mon, 23rd Nov 2015 10:31

LONDON (Alliance News) - Leed Resources PLC on Monday said it has issued shares to cover fees owed to consultant PG Mining Management.

Leed Resources has issued 32.9 million shares at 0.1 pence per share to cover the GBP32,900 consideration due. Leed Resources shares were down 15% to 0.0426p on Monday.

"PGMM has been instrumental in providing due diligence on and indeed providing continuing top level management to High Mannor in Australia. It is a significant sign of confidence that they wish to take Leed shares in payment at such a premium to the market price," said Leed Resources Chairman Ian Gibbs.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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