Gunsynd PLC Further investment in Charger Metals NL (9421Z)
September 20 2022 - 2:00AM
UK Regulatory
TIDMGUN
RNS Number : 9421Z
Gunsynd PLC
20 September 2022
20 September 2022
Gunsynd plc
("Gunsynd" or the "Company")
Further investment in Charger Metals NL
Gunsynd Plc (AIM: GUN, AQSE: GUN) announces that it has invested
a further AUD$175,000 (approximately GBP100,000) into one of its
investee companies, Charger Metals NL ("Charger") (ASX: CHR), an
ASX listed Australian lithium and base metals exploration
company.
The Gunsynd investment is part of a capital raise of AUD$5.5
million announced on 19 September 2022 by Charger (consisting of 11
million shares at AUD 50 cents per share) ("Capital Raise")
supported by existing and new investors. Gunsynd has signed a
placement commitment letter for 350,000 shares at AUD 50 cents per
share for a total consideration of AUD$175,000, from the Company's
existing cash resources.
Charger proposes to use funds from the Capital Raise (after
administration costs) predominantly on exploration activities
including drilling to advance the Company's Bynoe and Lake Johnston
Lithium Projects.
Following the Capital Raise, Gunsynd will hold 3,175,000
ordinary shares in Charger representing approximately 5.12% of
Charger's issued share capital.
For the year ended 30 June 2021, Charger had turnover of AUD$
nil and made a loss of AUD$379,859.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
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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END
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