Source - Alliance News

Gunsynd PLC - London-based investment firm - Says investee Pacific Nickel Mines Ltd completes allotment of 13.8 million deferred shares for A$0.08 each. Says the deferred shares are from the 85% acquisition in Sunshine Minerals Ltd, which holds 80% of the Jejevo nickel project in the Solomon Islands. As per the transaction announced in August, Gunsynd will receive 1.6 million shares. It now holds 4.7 million shares in Pacific Nickel or 1.3% of its share capital. It no longer has a direct interest in Sunshine Minerals.

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