Gunsynd PLC Update on Oyster Transaction (1969K)
04 May 2022 - 4:02PM
UK Regulatory
TIDMGUN
RNS Number : 1969K
Gunsynd PLC
04 May 2022
Gunsynd PLC
("Gunsynd" or the "Company")
Update on Oyster Transaction
Gunsynd (AIM: GUN, AQSE: GUN) announces that, further to the
announcement made on 30 October 2020, the Company has given notice
to Sajawin Pty Limited ("Sajawin") to terminate the term sheet and
variation terms sheet regarding the disposal of Gunsynd's
shareholding in Oyster Oil & Gas Ltd.
As previously announced, if any of the Conditions Precedent were
not satisfied by 30 October 2020, then either Party could terminate
the Term Sheet and the Variation Term Sheet at which time the
Parties' rights and obligations under the Term Sheet and the
Variation Term Sheet would immediately cease.
Gunsynd, in conjunction with other shareholders in Oyster, will
now seek alternative avenues to monetise the project.
The Directors of Gunsynd accept responsibility for this
announcement.
For further information, please contact:
Gunsynd plc
Hamish Harris/ Peter Ruse +44 (0) 78 7958 4153
Cairn Financial Advisers LLP
James Caithie / Liam Murray +44 (0) 20 7213 0880
Peterhouse Capital Limited
Lucy Williams +44 (0) 20 7469 0936
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