Gunsynd PLC Issue of Equity (6426B)
June 10 2019 - 2:30AM
UK Regulatory
TIDMGUN
RNS Number : 6426B
Gunsynd PLC
10 June 2019
Gunsynd plc
("Gunsynd" or the "Company")
Issue of Equity
Gunsynd (AIM: GUN, NEX: GUN) announces that it has raised
GBP500,000, gross of expenses, through the issue of 1,351,351,351
new shares of 0.01p each in the Company ("Placing Shares") at a
placing price of 0.037 pence per share with certain institutional
and private investors ("the "Placing"). This Placing is, inter
alia, to raise funds to assist in progressing possible investment
opportunities that the Company is currently looking at.
Application is being made for the Placing Shares, which will, on
issue, rank pari passu with the existing ordinary shares, to be
admitted to trading on AIM and such admission is expected to occur
on or around 20 June 2019. The Placing Shares will be admitted to
trading on NEX Exchange simultaneously with the admission to
AIM.
The Company will therefore have 6,234,275,841 Ordinary Shares in
issue with voting rights and admitted to trading on AIM and NEX
Exchange. This figure may be used by shareholders in the Company as
the denominator for the calculation by which they will determine if
they are required to notify their interest in, or a change to their
interest in, the share capital of the Company under the Financial
Conduct Authority's Disclosure and Transparency Rules.
Hamish Harris, executive Chairman of the Company, commented:
"The recent movement in the share price has allowed us to raise
money on a far less dilutive basis to shareholders. Not only that
but it has increased the opportunities within our own portfolio,
not least with respect to the Madagascar oil and gas licence.
Rather than being heavily diluted by third party investors we can
now look at a wider range of options with respect to progressing
work on the block".
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
Cairn Financial Advisers LLP (Nominated Adviser/NEX Corporate
Adviser):
+44 (0) 20 7213 0880
James Caithie / Liam Murray / Richard Nash
Peterhouse Corporate Finance (Broker)
+44 (0)20 7469 0930
Lucy Williams
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contact rns@lseg.com or visit www.rns.com.
END
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