Gunsynd PLC Solomon Islands Investment (5695V)

TIDMGUN

RNS Number : 5695V

Gunsynd PLC

04 December 2019

Gunsynd plc

("Gunsynd" or the "Company")

Solomon Islands Investment

Gunsynd Plc (AIM: GUN, NEX: GUN) announces it has purchased for GBP45,000 a 7.67% stake in Kolosori Nickel Limited which owns 80% of the nickel prospecting licence PL05/19 over Kolosori Prospect, Isabel Province ("Licence") in the Solomon Islands. Gunsynd has also been granted a 90 day option to purchase another 22.33% of Kolosori Nickel Limited for GBP135,000.

Under the purchase and option agreement ("Purchase and Option Agreement") Gunsynd will hold certain rights such as board representation, appointed as representative in connection with any listing and / or offtake agreement, rights to manage the assets and pre-emptive rights on all new share issues.

The parties to the Purchase and Option Agreement will also use best endeavours to enter into an agreement between all holders of the Licence.

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

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