Investment in Leed Petroleum plc
Viridas announces that it has acquired 592,666,667 ordinary shares in Leed Petroleum plc ("Leed") from Old Church Street Holdings Limited and Lighthouse Investments Limited at a price of 0.08 pence per share, for an aggregate consideration of £474,133. It will also receive 166,666,667 warrants to subscribe for new ordinary shares in Leed at a subscription price of 0.15 pence per share. As a result of this acquisition, Viridas will have a 22.2% shareholding in Leed. At the same time, Nicholas Lee, Chairman of the Company will join the board of Leed as a non-executive director.