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Gunsynd PLC - Pacific Nickel – Issue of deferred shares

Announcement provided by

Gunsynd Plc · GUN

04/01/2023 08:09

Gunsynd PLC - Pacific Nickel – Issue of deferred shares
RNS Number : 6402L
Gunsynd PLC
04 January 2023

Gunsynd plc


("Gunsynd" or the "Company")


Pacific Nickel - Issue of Jejevo deferred consideration shares


Gunsynd Plc (AIM: GUN, AQSE: GUN) notes the announcement by its investee company Pacific Nickel Mines Limited (ASX: PNM) ("Pacific Nickel"), that it has completed an allotment of 13,803,340 ordinary fully paid shares at an issue price of AUD$0.08, being the deferred consideration shares for the acquisition of an 85% interest in Sunshine Minerals Limited it does not already own ("Sunshine Minerals") (the "Transaction") which holds 80% of the Jejevo Nickel Project.


As per the Transaction announced 21 August 2020, Gunsynd will receive 1,641,856 fully paid ordinary shares which are subject to a lock-in until the earlier of: (a) the date 12 months from the deferred consideration issue date; or (b) to the date 10 business days after the Mines Department grants Sunshine Nickel Limited  a mining lease for PL 01-18.


Following completion of the Transaction, Gunsynd will hold 4,725,597 ordinary shares in Pacific Nickel representing approximately 1.26% of Pacific Nickel's issued share capital. Gunsynd will no longer have a direct interest in Sunshine Minerals.


The Directors of Gunsynd accept responsibility for this announcement.


For further information please contact:


Gunsynd plc

Hamish Harris / Peter Ruse



+44 (0) 78 7958 4153

Cairn Financial Advisers LLP

James Caithie / Liam Murray


+44 (0) 20 7213 0880


Peterhouse Capital Limited

Lucy Williams


+44 (0) 20 7469 0936



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