Gunsynd to take 10% stake in Sunshine Minerals

Gunsynd has entered into a subscription agreement for 10% of the enlarged share capital of Sunshine Minerals for a total consideration of £40,000.

Sunshine has applied for prospecting licences for the Jejevo nickel deposit and Tausere bauxite deposit in the Solomon Islands and the funds will be used to obtain the Jejevo licence and Tausere land user agreement.

Sunshine already has in place a land user agreement for Jejevo and has been granted a prospecting licence for Tausere.

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