Gunsynd PLC - Update on Sunshine Minerals transaction
RNS Number : 7392F
Gunsynd PLC
30 October 2018
 

Gunsynd plc

("Gunsynd" or the "Company")

Update on Sunshine Minerals transaction

Gunsynd Plc (AIM: GUN, NEX: GUN) has been informed that Metminco has withdrawn from the transaction to acquire Sunshine Minerals which was announced on 19 September 2018, because, although Metminco still regarded the project as attractive, it was unable to complete due diligence to its satisfaction.

Hamish Harris, Executive Chairman, commented: "This is disappointing but we note that the nickel price has dropped a bit since the transaction was announced.   We expect that discussions with other potentially interested parties will take place shortly."

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 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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