Regulatory News Item
Dec 22, 2011

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.

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