Gunsynd PLC Update on Sunshine Minerals transaction (7392F)
October 30 2018 - 7:49AM
UK Regulatory
TIDMGUN
RNS Number : 7392F
Gunsynd PLC
30 October 2018
Gunsynd plc
("Gunsynd" or the "Company")
Update on Sunshine Minerals transaction
Gunsynd Plc (AIM: GUN, NEX: GUN) has been informed that Metminco
has withdrawn from the transaction to acquire Sunshine Minerals
which was announced on 19 September 2018, because, although
Metminco still regarded the project as attractive, it was unable to
complete due diligence to its satisfaction.
Hamish Harris, Executive Chairman, commented: "This is
disappointing but we note that the nickel price has dropped a bit
since the transaction was announced. We expect that discussions
with other potentially interested parties will take place
shortly."
The information contained within this announcement is deemed by
the Company to constitute inside information under the Market Abuse
Regulation (EU) No. 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
MSCMMBTTMBIJBRP
(END) Dow Jones Newswires
October 30, 2018 08:49 ET (12:49 GMT)
Gunsynd (LSE:GUN)
Historical Stock Chart
From Apr 2024 to May 2024
Gunsynd (LSE:GUN)
Historical Stock Chart
From May 2023 to May 2024