Gunsynd PLC Pacific Nickel -- Nickel Project Update (5146V)
05 Abril 2023 - 9:07AM
UK Regulatory
TIDMGUN
RNS Number : 5146V
Gunsynd PLC
05 April 2023
Gunsynd PLC
("Gunsynd" or the "Company")
Pacific Nickel - Solomon Islands Nickel Project Update
Gunsynd Plc (AIM: GUN, AQSE: GUN) notes the announcement by its
investee company Pacific Nickel Mines Limited ("Pacific Nickel"),
which is listed on ASX (ASX: PNM), that, further to the Company's
announcement of 15 June 2022, Glencore International AG
("Glencore") has today provided a Letter of Commitment confirming
receipt of its internal management approvals to execute an up to
US$22m loan facility agreement and amended sales agreement for the
Kolosori Nickel Project (the "Project") subject to the finalisation
of legal documentation and the fulfilment of usual conditions.
The announcement states that the funds raised through these
arrangements with Glencore are expected to be sufficient to meet
the pre-production funding requirements of the Project.
Gunsynd currently holds 2,779,840 shares in Pacific Nickel.
The 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
Forward Looking Statements
This announcement contains forward-looking statements relating
to expected or anticipated future events and anticipated results
that are forward-looking in nature and, as a result, are subject to
certain risks and uncertainties, such as general economic, market
and business conditions, competition for qualified staff, the
regulatory process and actions, technical issues, new legislation,
uncertainties resulting from potential delays or changes in plans,
uncertainties resulting from working in a new political
jurisdiction, uncertainties regarding the results of exploration,
uncertainties regarding the timing and granting of prospecting
rights, uncertainties regarding the Company's ability to execute
and implement future plans, and the occurrence of unexpected
events. Actual results achieved may vary from the information
provided herein as a result of numerous known and unknown risks and
uncertainties and other factors.
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END
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(END) Dow Jones Newswires
April 05, 2023 08:07 ET (12:07 GMT)
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