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3Legs raises £0.5m; appoints chairman

09 June 2015 08:23

3Legs Resources has raised £500,000, gross, through a subscription of 185,185,185 ordinary shares at 0.27p per share.

The company also announces the appointment of James Mellon and Gregory Bailey as non-executive directors and the appointment of Richard Armstrong, current non-executive director, as non-executive chairman with immediate effect.

Following the subscription and board appointments, the directors will propose a resolution at the next annual general meeting to change the company's investing policy to focus on the life sciences sector.

At 8:23am: (LON:3LEG) 3Legs Resources plc share price was +0.06p at 0.31p

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