Gunsynd PLC - Further re: Solomon Islands Investment
RNS Number : 7638D
Gunsynd PLC
21 February 2020
 

Gunsynd plc

("Gunsynd" or the "Company")

Update - Solomon Islands Investment

 

 

The Company announced on 4 December 2019, that it had (1) purchased a 7.76% stake in Kolosori Nickel Limited ("Kolosori") for a consideration of £45,000 and (2) that the Company had been granted an option to purchase a further 22.33% interest in Kolosori for £135,000.

 

Kolosori owns the nickel prospecting licence PL05/19 over the Kolosori Prospect in the Solomon Islands.

 

The Company announces that it will not exercise the option over Kolosori as the option has been agreed to have expired.

 

Kolosori's full legal name is Kolosori Nickel (SI) Limited and not Kolosori Nickel Limited as previously referred to.

 

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

Hamish Harris

+44 20 7440 0640 

 

 

Cairn Financial Advisers LLP

James Caithie / Liam Murray

 

+44 20 7213 0880

 

Peterhouse Corporate Finance

Lucy Williams

 

 

+44 20 7469 0930

 

 

 

 


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