Gunsynd PLC Update on Black Schist Projects & share disposal (6028T)
November 16 2023 - 2:00AM
UK Regulatory
TIDMGUN
RNS Number : 6028T
Gunsynd PLC
16 November 2023
Gunsynd PLC
("Gunsynd" or the "Company")
Update on Conditional Farm-in to Black Schist Projects in
Finland and partial disposal of Charger Metals shares
Gunsynd (AIM: GUN; AQSE: GUN) is pleased to announce that it has
now paid the first tranche of GBP250,000 with respect to the
conditional farm in agreement with Metals One Plc ("Metals One")
which was previously announced by the Company on 21 June 2022.
Gunsynd will receive 6.25% of the enlarged share capital of
Finnaust Mining Northern OY ("Finnaust") (which holds the
Projects). Upon completion of the fourth tranche, Gunsynd will hold
25% of the issued share capital of Finnaust (assuming no further
share issuances in Finnaust).
Sale of investee company shares
Gunsynd has sold 1,237,060 ordinary shares in Charger Metals NL
("Charger") (ASX: CHR), for proceeds of AUD$497,186.50 (approx
GBP257,000) at an average price of AUD$ 0.402 per ordinary share.
Gunsynd continues to hold 1,300,000 shares in Charger representing
approximately 2.1 % of the issued share capital of Charger.
This announcement contains inside information for the purposes
of the UK Market Abuse Regulation and the Directors of the Company
are responsible for the release of this announcement.
For further information please contact:
Gunsynd plc
Hamish Harris/ Peter
Ruse
www.gunsynd.com +44 (0)7879 584 153
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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