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DJ Gunsynd PLC 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 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 

Hamish Harris

Donald Strang

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 

Lucy Williams

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)