DJ Gunsynd PLC Further re: Solomon Islands Investment
RNS Number : 7638D
21 February 2020
("Gunsynd" or the "Company")
Update - Solomon Islands Investment
The Company announced on 4 December 2019, that it had (1) purchased a 7.76% stake in Kolosori Nickel Limited ("Kolosori") for a consideration of GBP45,000 and (2) that the Company had been granted an option to purchase a further 22.33% interest in Kolosori for GBP135,000.
Kolosori owns the nickel prospecting licence PL05/19 over the Kolosori Prospect in the Solomon Islands.
The Company announces that it will not exercise the option over Kolosori as the option has been agreed to have expired.
Kolosori's full legal name is Kolosori Nickel (SI) Limited and not Kolosori Nickel Limited as previously referred to.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 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
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(END) Dow Jones Newswires
February 21, 2020 06:21 ET (11:21 GMT)