Business
Update on Sunshine Minerals transaction
Update on Sunshine Minerals transaction.
About this update from Gunsynd Plc
[{"type":"text","content":"\n \nRNS Number : 7392F Gunsynd PLC 30 October 2018 \n\nGunsynd plc\n(\"Gunsynd\" or the \"Company\")\nUpdate on Sunshine Minerals transaction\nGunsynd Plc (AIM: GUN, NEX: GUN) has been informed that Metminco has withdrawn from the transaction to acquire Sunshine Minerals which was announced on 19 September 2018, because, although Metminco still regarded the project as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.\nHamish 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.\"\nThe information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.\nThe directors of Gunsynd accept responsibility for this announcement.\nFor further information please contact:\n\n\n\n \nGunsynd plc\nHamish Harris\n\n\n \n+44 20 7440 0640\n\n\n\n\n \nCairn Financial Advisers LLP\nJames Caithie / Liam Murray\n\n\n \n+44 20 7213 0880\n\n\n\n\n \nPeterhouse Corporate Finance\nLucy Williams\n\n\n+44 20 7469 0930\n\n\n\n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com. END MSCMMBTTMBIJBRP\n ","length":3306,"tagName":"div"}]