Gunsynd PLC Further re: Solomon Islands Investment (7638D)

TIDMGUN

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 GBP45,000 and (2) that the Company had been granted an option to purchase a further 22.33% interest in Kolosori for GBP135,000.

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCEAFAFAFNEEFA

(END) Dow Jones Newswires

February 21, 2020 06:21 ET (11:21 GMT)

Gunsynd (LSE:GUN)
Historical Stock Chart
From May 2024 to Jun 2024