Further Investment in Zenith Energy

RNS Number : 4650Q

Gunsynd PLC

29 November 2016

 

Gunsynd plc

("Gunsynd" or the "Company")

Further Investment in Zenith Energy

Further to the announcement made on 24 November 2016, Gunsynd  Plc (AIM: GUN; ISDX: GUN) is pleased to announce that it has purchased a further 300,000 shares in Zenith Energy Limited ("Zenith"), a junior oil and gas E&P company quoted on the Toronto Venture Exchange in Canada with an oil production company based in Azerbaijan.

Gunsynd now holds a total of 1,031,000 shares in Zenith, representing approximately 1.6% of the outstanding number of shares of Zenith. Total consideration paid to date for the Company's investment in Zenith is approximately £49,000.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

The directors of Gunsynd accept responsibility for this announcement.

For further information please contact:

Gunsynd plc:                                                                 [phone]

Hamish Harris

Donald Strang

Nominated Adviser/ISDX Corporate Adviser: [phone]

Cairn Financial Advisers LLP                                       

James Caithie / Liam Murray

Peterhouse Corporate Finance (Joint Broker)    [phone] 

Lucy Williams

 

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