Investment in Capcon Holdings plc
Viridas announces that it has subscribed for 16,977,675 shares in Capcon Holdings plc ("Capcon") at a price of 1.15 pence per share as part of Capcon's restructuring, which includes, inter alia, the disposal of its existing business, the
adoption of a new investing policy focused on the mining sector and its change of name to Brady Exploration plc. As a result of the passing of the necessary resolutions at the general meeting held today, Capcon is now an investment
company with cash resources of around £470,000 in which Viridas has a 29.4 percent shareholding.
At the same time, Nicholas Lee, Chairman of the Company will join the board of Capcon as a non-executive director.