Leed Resources plc
Leed Resources plc is an investing company listed on AIM, focused on opportunities in the natural resources sector, with an emphasis mainly but not exclusively on the oil and gas sector.
In line with this policy, the proposed investments to be made by the Company may be either quoted or unquoted; made by direct acquisition or through farm-ins; may be in companies, partnerships, joint ventures; or direct interests in oil and gas projects. Target investments will generally be involved in projects in the exploration and/or development stage. The Company’s equity interest in a proposed investment may range from a minority position to 100 per cent. ownership. The Directors will initially focus on projects located in Africa but will also consider investments in other geographical regions. It is likely that the Company’s financial resources will be invested in a small number of projects or potentially in just one investment which may be deemed to be a reverse takeover under the AIM Rules. The Directors have not, however, excluded the possibility of building a broader portfolio of investment assets. The Company intends to deliver shareholder returns principally through capital growth rather than capital distribution via dividends.
The Company currently has a 17.5% interest in Manas Coal LLC which has a licence to explore for coal in the Kyrgyz Republic . Located in Central Asia, and bordering the People's Republic of China, the Kyrgyz Republic is one of the world's six independent Turkic states. Among its significant mineral reserves are substantial deposits of coal, gold, uranium and other valuable earth metals. The Kyrgyz Government is committed to development of a market economy and is actively encouraging foreign investment in extracting and processing these resources.