RE: RNS out.. positive news24 Oct 2018 15:04
very positive indeed:
Human Brands Update
Gunsynd Plc (AIM: GUN, NEX: GUN) announces that it has been informed by its investee company, Human Brands International, Inc. ("Human Brands"), that it has made substantial progress towards preparing for a proposed listing on the Standard Segment of the Main Market of the London Stock Exchange including the near completion of both the last three years audits and legal due diligence.
In further recognition of the efforts of Gunsynd to assist with its proposed London Stock Exchange listing (the "Transaction"), Human Brands will, subject to completion of the Transaction, pay Gunsynd a fee equal to 4 per cent of its market capitalisation immediately following completion of the Transaction (previously 1%). This Fee shall be satisfied by the issue of such number of fully paid ordinary shares in Human Brands (post completion of the Transaction) at the listing price as equal 4 per cent of the issued share capital at admission.
Gunsynd has, to date, invested £289,000 in Human Brands via loan notes.