REG - Gunsynd PLC - Update on Oyster Transaction

GunsyndAnnouncement

04/05/2022 07:00

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RNS Number : 1969K  Gunsynd PLC  04 May 2022

Gunsynd PLC

("Gunsynd" or the "Company")

Update on Oyster Transaction

Gunsynd (AIM: GUN, AQSE: GUN) announces that, further to the announcement made
on 30 October 2020, the Company has given notice to Sajawin Pty Limited
("Sajawin") to terminate the term sheet and variation terms sheet regarding
the disposal of Gunsynd's shareholding in Oyster Oil & Gas Ltd.

As previously announced, if any of the Conditions Precedent were not satisfied
by 30 October 2020, then either Party could terminate the Term Sheet and the
Variation Term Sheet at which time the Parties' rights and obligations under
the Term Sheet and the Variation Term Sheet would immediately cease.

Gunsynd, in conjunction with other shareholders in Oyster, will now seek
alternative avenues to monetise the project.

 

The Directors of Gunsynd accept responsibility for this announcement.

 

For further information, please contact:

 Gunsynd plc                   +44 (0) 78 7958 4153

 Hamish Harris/ Peter Ruse

 Cairn Financial Advisers LLP  +44 (0) 20 7213 0880

 James Caithie / Liam Murray

 Peterhouse Capital Limited    +44 (0) 20 7469 0936

 Lucy Williams

 

 

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