Update on Sunshine Minerals transaction

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Gunsynd Plc (AIM: GUN, NEX: GUN) has been informed that Metminco has withdrawn from the transaction to acquire Sunshine Minerals which was announced on 19 September 2018, because, although Metminco still regarded the project as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	[phone]
Cairn Financial Advisers LLP James Caithie / Liam Murray	[phone]
Peterhouse Corporate Finance Lucy Williams	[phone]

 

END

 

 

MSCMMBTTMBIJBRP