DJ Gunsynd PLC Further Investment in Zenith Energy
RNS Number : 4650Q
29 November 2016
("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 GBP49,000.
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: +44 (0) 20 7440 0640
Nominated Adviser/ISDX Corporate Adviser: +44 (0) 20 7213 0880
Cairn Financial Advisers LLP
James Caithie / Liam Murray
Peterhouse Corporate Finance (Joint Broker) +44 (0)20 7469 0930
This information is provided by RNS
The company news service from the London Stock Exchange
(END) Dow Jones Newswires
November 29, 2016 11:10 ET (16:10 GMT)