Investment in Pan Pacific Aggregates plc and award of options
Viridas announces that it has subscribed for 12,000,000 shares in Pan Pacific Aggregates plc ("Pan Pacific"), the Canadian aggregates business listed on AIM, as part of its recent placing, at a price of 2.5 pence per share for an aggregate consideration of £300,000. It will also receive 6,000,000 warrants exercisable at a price of 5 pence per share at anytime up to March 2013. As a result of this investment, Viridas will have a 16.5 per cent. shareholding in Pan Pacific.