Gunsynd PLC Deferred shares for the Kolosori Nickel Project (9376C)
October 14 2022 - 5:05AM
UK Regulatory
TIDMGUN
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.
T he Directors of Gunsynd accept responsibility for this
announcement.
For further information, please contact:
Gunsynd plc
Hamish Harris/ Peter Ruse +44 20 7440 0640
Cairn Financial Advisers LLP
James Caithie / Liam Murray +44 20 7213 0880
Peterhouse Capital Limited
Lucy Williams +44 20 7469 0930
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