Sept 19 (Reuters) - Gunsynd Plc GUN.L :
* ANNOUNCES AN UPDATE REGARDING ITS INVESTEE COMPANY, SUNSHINE MINERALS
* INFORMED BY SUNSHINE THAT METMINCO LTD ENTERED BINDING TERM SHEET WITH SUNSHINE TO CONDITIONALLY ACQUIRE 100% OF SHARES IN SUNSHINE
* METMINCO IS RAISING A$3 MILLION IN CONJUNCTION WITH TRANSACTION AND GUNSYND HAS AGREED TO SUBSCRIBE FOR A$50,000 OF SHARES