Gunsynd PLC Pacific Nickel Update (0088P)
15 Junio 2022 - 7:48AM
UK Regulatory
TIDMGUN
RNS Number : 0088P
Gunsynd PLC
15 June 2022
15 June 2022
Gunsynd PLC
("Gunsynd" or the "Company")
Offtake & Project Debt Mandate Awarded to Glencore for the
Kolosori Project
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).
Pacific Nickel has entered into a non-binding indicative term
sheet with Glencore for a 3-year, US$22 million Pre-Export Finance
Facility and a 4-year offtake arrangement for all of Kolosori's
production which can be extended by a further 2 years by mutual
agreement.
The proposed debt facility will cover a substantial portion of
the pre-production investment required to develop the Kolosori
Project.
It is envisioned that the US$22 million debt facility will
comprise a US$17 million construction tranche and a US$5 million
reserve tranche.
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.
For further information please contact:
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
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END
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June 15, 2022 08:48 ET (12:48 GMT)
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