RNS Pires holding 3Legs31 Jul 2015 08:23
In addition, Pires has invested £80,000 in 3Legs Resources plc ("3Legs") as part of a placing to raise £800,000 at 0.232p per share, when that company became a resources-focussed investing company. Since then, 3Legs has raised £500,000 at 0.23p, via a further placing; these funds were subscribed by Jim Mellon (and companies associated with him) and Dr Greg Bailey, both of whom are experienced investors inter alia in healthcare companies and both of whom joined the board of 3Legs. 3Legs is now in the process of altering its investing policy to concentrate on the healthcare sector and hopes to complete a reverse takeover in due course. Pires' shareholding in 3Legs at the present time has a market value of some £96,000.