21st Feb 2020 12:08
(Alliance News) - Gunsynd PLC said Friday it will not exercise an option over Kolosori Nickel Ltd, in which the investment firm already holds a 7.8% stake.
In early December, Gunsynd bought the holding in the company, which owns the nickel licence PL05/19 over the Kolosori prospect in the Solomon Islands, for GBP45,000.
In addition to the stake, Gunsynd was also given an option to purchase a further 22% interest in Kolosori for GBP135,000, bringing its total holding to nearly 30%.
Shares in Gunsynd were down 1.4% at 0.014 pence on Friday in London.
By Dayo Laniyan; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
Gunsynd