24th Oct 2018 14:10
LONDON (Alliance News) - Natural resources investor Gunsynd PLC on Wednesday said its investee Human Brands International Inc has progressed towards preparing for a proposed listing on the Main Market of the London Stock Exchange.
Gunsynd has, to date, invested GBP289,000 in Human Brands via loan notes.
The company said Human Brands nears completion of both the last three years audits and legal due diligence.
Following the admission, Human Brands will now pay Gunsynd a fee equal to 4% of its market capitalisation, up from 1% fee agreed previously. This fee will be satisfied by the the issue of shares, Gunsynd said.
Gunsynd stock was untraded on Wednesday, last quoted at 0.03 pence per share.
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