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Pin to quick picksSunrise Res Share News (SRES)

Share Price Information for Sunrise Res (SRES)

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Share Price: 0.0475
Bid: 0.045
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Change: 0.00 (0.00%)
Spread: 0.005 (11.111%)
Open: 0.0475
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Sunrise Resources offloads holding in Block Energy

Wed, 19th Jun 2019 11:26

(Sharecast News) - Sunrise Resources has sold its shareholding in Block Energy, it announced on Wednesday.The AIM-traded company said its holding of 466,474 shares in Block Energy was sold on 18 June, at an average price of 10.43p per share, making for gross proceeds of £48,649.That represented a book profit of £23,120 after acquisition and disposal costs.Sunrise said the net proceeds of the sale would be added to its existing cash resources, and used to advance its CS Pozzolan-Perlite Project in Nevada."Whilst we see a bright future for Block Energy this disposal is in line with our strategy to sell or joint venture non-core assets as an alternative to raising money from the markets as we progress our CS Project towards production," said Sunrise Resources executive chairman Patrick Cheetham.
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