Gunsynd PLC Further Investment in Oyster Oil & Gas (1114E)
02 July 2019 - 4:00PM
UK Regulatory
TIDMGUN
RNS Number : 1114E
Gunsynd PLC
02 July 2019
Gunsynd plc
("Gunsynd" or the "Company")
Further Investment in Oyster Oil and Gas
Gunsynd (AIM: GUN, ISDX: GUN) announces that it has invested
US$130,000 for 108 new ordinary shares in Oyster Oil & Gas
Limited ("Oyster"), representing approximately 9.75% of Oyster's
enlarged issued share capital. Gunsynd's total holding following
the issue of the new ordinary shares will now represent
approximately 30% of the issued share capital of Oyster.
Funds will be used primarily to meet certain licence obligations
relating to the interests held by Oyster in Madagascar.
Oyster has reached an "in principle" agreement with the
Government of Madagascar for a two year extension to the current
exploration phase, which is subject to certain conditions which
include the licence obligations referred to above.
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
Hamish Harris +44 20 7440 0640
Cairn Financial Advisers
LLP
James Caithie / Liam Murray
/ Richard Nash +44 20 7213 0880
Peterhouse Corporate Finance
Lucy Williams +44 20 7469 0930
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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