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Gunsynd PLC - London-based investment company focused on acquiring companies and/or projects within the natural resources sector, life sciences sector - Notes the announcement by its investee company, Pacific Nickel Mines Ltd, that Glencore International AG has provided it a letter of commitment confirming up to a USD22 million loan facility agreement and amended sales agreement for the Kolosori nickel project in the Solomon Islands. The funds raised through these arrangements with Glencore are expected to be sufficient to meet the pre-production funding requirements of the project, Gunsynd adds.
Current stock price: 0.38 pence, up 21% on Wednesday afternoon in London
12-month change: down 53%
By Heather Rydings, Alliance News senior economics reporter
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