REG - Gunsynd PLC - Deferred shares for the Kolosori Nickel Project

GunsyndAnnouncement

14/10/2022 10:15

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RNS Number : 9376C  Gunsynd PLC  14 October 2022

14 October 2022

Gunsynd plc

 

("Gunsynd" or the "Company")

 

Deferred shares awarded for the Kolosori Nickel Project

 

Gunsynd Plc (AIM: GUN, AQSE: GUN) notes the announcement by its investee
company Pacific Nickel Mines Limited (ASX: PNM) ("Pacific Nickel"), which has
allotted 15,625,000 shares at an issue price of AUD $0.08 as deferred
consideration shares for the acquisition of an 80% interest in the Kolosori
Nickel Project, as approved by shareholders at a General Meeting held on 9
April 2021.  As per the share purchase agreement announced on 14 May 2021,
Gunsynd has received 1,137,984 shares which are subject to a lock-in for a
period of 12 months from the date of issue.

Following the issuance of the 1,137,984 deferred consideration shares, Gunsynd
will hold 3,083,741 shares of Pacific Nickel representing approximately 1.1%
of Pacific Nickel's current issued share capital.

The Directors of Gunsynd accept responsibility for this announcement.

 

For further information, please contact:

 Gunsynd plc                   +44 20 7440 0640

 Hamish Harris/ Peter Ruse

 Cairn Financial Advisers LLP  +44 20 7213 0880

 James Caithie / Liam Murray

 Peterhouse Capital Limited    +44 20 7469 0930

 Lucy Williams

 

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