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6 May 2016 15:26
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
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