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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Gunsynd Plc | LSE:GUN | London | Ordinary Share | GB00BMD6PM55 | ORD 0.085P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.005 | -3.70% | 0.13 | 0.12 | 0.14 | 0.135 | 0.13 | 0.135 | 3,426,829 | 12:10:13 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Investment Advice | 149k | -1.71M | -0.0031 | -0.42 | 721.24k |
From May 2019 to May 2024
TIDMGUN
RNS Number : 1435L
Gunsynd PLC
20 December 2018
Gunsynd plc
("Gunsynd" or the "Company")
Update on Sunshine Minerals
Gunsynd Plc (AIM: GUN, NEX: GUN) notes the announcement made today by Axiom Mining Limited ("Axiom"), the ASX quoted mining and exploration company, regarding Prospecting License ("PL") applications covering the Jejevo tenement in the Solomon Islands.
As announced on 23 July 2018, the Mines and Minerals Board of the Solomon Islands ("Minerals Board") issued a PL to Sunshine Nickel ltd ("Sunshine Nickel") over the Jejevo tenement. Sunshine Nickel is an 80% owned subsidiary of Sunshine Minerals ltd ("Sunshine"), which is an investee company of Gunsynd.
Axiom alleges that the Ministry of Mines, Energy and Rural Electrification ("MMERE") failed to present Axiom's PL applications in respect of the Jejevo tenement to the Minerals Board for formal consideration, and as such is seeking judicial review of the decision to award the PL to Sunshine Nickel.
Axiom's Statement of Claim for judicial review names Sunshine as a third defendant.
Gunsynd holds 19.8% of Sunshine's issued share capital.
The Company will keep the market updated as to any further developments.
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
This 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 rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
December 20, 2018 06:49 ET (11:49 GMT)
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