21st Oct 2015 11:06
LONDON (Alliance News) - Legendary Investments PLC said Wednesday it has acquired a 5.5% stake, and an option for a further 4.45% stake, in Manas Resources LLP.
Manas holds a licence to explore and mine for gold in Sultan Sary, Narynskaya Oblast, Kyrgyzstan. Legendary Investments has exchange the stake and option for its interests in Manas Minerals LLP, which has coal interests.
The option has a nominal exercise price, Legendary Investments said, and vests on Manas Resources meeting some milestones.
Shares in Legendary Investments were up 20% on the news, at 0.108 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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