7th Nov 2014 17:22
LONDON (Alliance News) - Sunrise Resources PLC Friday said it has issued shares to Tertiary Minerals PLC in settlement for management fees during the last quarter.
Sunrise issued just over 5 million shares, at a price of 0.425 pence per share, to Tertiary to settle management fees during the previous quarter, meaning Tertiary's stake in the company has increased to 10.41%, from 9.52%.
Tertiary continues to provide Sunrise with office facilities and project management services through a cost sharing arrangement allowing both parties to run with reduced overheads, said Sunrise in a statement.
Sunrise shares closed down on Friday at 0.405 pence per share whilst Tertiary shares also closed down at 6.00 pence per share.
By Joshua Warner; [email protected]; @JoshAlliance
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Related Shares:
Tertiary MineralsSunrise Res