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.
The Directors of Gunsynd accept responsibility for this announcement.
For further information, please contact:
| Gunsynd plc Hamish Harris/ Peter Ruse | +44 20 7440 0640 |
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| Cairn Financial Advisers LLP James Caithie / Liam Murray | +44 20 7213 0880 |
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| Peterhouse Capital Limited Lucy Williams | +44 20 7469 0930
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