GUN Gunsynd Plc

TIDMGUN

RNS Number : 0607Q

Gunsynd PLC

24 November 2016

Gunsynd plc

("Gunsynd" or the "Company")

Further Investment in Zenith Energy

Gunsynd Plc (AIM: GUN; ISDX: GUN) is pleased to announce that it has purchased a total of 731,000 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. This represents approximately 1.14% of the outstanding number of shares of Zenith and the approximate consideration paid was GBP35,000.

On November 21 Zenith announced that the first two payments have been received for invoices generated for producing Ural crude oil from the Muradxanli-Zardab-Jafarli field in Azerbaijan during August and September 2016. The crude oil was sold to Azerbaijan's state oil company SOCAR. These payments equate to approximately $360,000 US per month.

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

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