News blog
Leed Petroleum / Viridas
- BY: Andrew Hore |
- POSTED: 22/12/2011 |
Viridas has taken a 22.2% stake in Leed Petroleum.
The shares were acquired from John McKeon’s Old Church Street Holdings and Lighthouse Investments for 0.08p each. The total cost is £474,000 and that includes 166.7 warrants to subscribe for shares at 0.15p each.
Viridas chairman Nicholas Lee has joined the Leed board as a non-executive.
Leed has completed the purchase of a 17.5% stake in Kyrgyz Republic-based Manas Coal. It issued 166.7m shares at 0.15p each plus the same number of warrants in return for the stake. These are the Lighthouse shares.
Leed has already advanced £750,000 to Manas as a loan. Manas has a licence for geological exploration of coal at Eastern Kokkia area of Toguz-Toro district, Jalal-Abad region, Kyrgyz Republic. There is an estimated reserve of approximately 114m tons of high grade coking coal in the licence area.
At 0.12p a share, up 0.045p, Leed is valued at £3m.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFDecember2011_27.pdf
© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|