GUN Gunsynd Plc

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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