REG - Gunsynd PLC - 1911 Gold - Investee company update

GunsyndAnnouncement

26/08/2025 07:00

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RNS Number : 4990W  Gunsynd PLC  26 August 2025

Gunsynd plc

 

("Gunsynd" or the "Company")

 

1911 Gold Corporation - Investee company update

 

Gunsynd Plc (AIM: GUN, AQSE: GUN) announces an update relating to the
investment in 1911 Gold Corporation (TSXV: AUMB) ("1911 Gold"), a junior gold
development and exploration company located in Manitoba, in the heart of the
Rice Lake gold district within the West Uchi greenstone belt in Canada (the
"Investment").

 

The Investment in 1911 Gold was initially made on 28 December 2023 and has
performed exceptionally well delivering outsized returns for Gunsynd.

 

The Company previously announced in its interim report that it held 2,770,000
shares in 1911 Gold as at 31 January 2025.

 

A measured share sale and warrant exercise program was conducted over an
extended period of time over the following tranches held by Gunsynd:

 

·    2,770,000 shares sold for CAD$663,410 (approx. £360,802).

 

·    All 1911 Gold warrants were exercised over 5,833,333 new ordinary
shares at an exercise price of CAD$0.10 per share for total consideration for
CAD$583,333 (approx. £319,204).

 

·    4,000,000 shares arising from the exercise of warrants highlighted
above, were sold for gross proceeds of CAD$1,004,300 (approx. £541,407),
resulting in net proceeds of £321,534 after deducting the exercise cost.

 

·    As at 22 August 2025, the Company holds 1,833,333 ordinary shares in
1911 Gold, valued at approximately £255,410 based on a share price of
CAD$0.25 (closing price on 22 August 2025).

 

·    The remaining shares held by Gunsynd represent approximately 1.0%
interest of the issued share capital of 1911 Gold.

 

 

Peter Ruse, a director of Gunsynd, commented: "It is really pleasing to be
able to update shareholders with the news of this managed sell down of our
1911 Gold Investment. The share price and returns have exceeded expectations
from our initial investment at CAD$0.06 in December 2023. The Board of Gunsynd
continues to hold a material shareholding on the balance sheet to capture
further upside which I remain confident the company will deliver. 1911 Gold
remains well funded, underway with multiple drill rigs turning in a buoyant
precious metals market.

 

"Furthermore, Gunsynd remains heavily committed to the Rice Lake Gold region
with the recent 100% acquisition of the Barb Gold project sitting adjacent to
the True North mine owned by 1911 Gold. We look forward to collaborating with
1911 Gold on logistics and access to technical personnel as Gunsynd deploys
exploration capital into these properties in the near term. We look forward to
updating shareholders with our exciting plans."

 

 

 

 

About 1911 Gold:

 

1911 Gold is a junior explorer that holds a highly prospective, consolidated
land package totalling more than 63,000 hectares within and adjacent to the
Archean Rice Lake greenstone belt in Manitoba, and also owns the True North
mine and mill complex (Fully Permitted) at Bissett, Manitoba.

 

1911 Gold believes its land package is a prime exploration opportunity, with
potential to develop a mining district centred on the True North complex. The
True North Mine has an existing NI 43-101 (2018) resource of 1m ounces at
6.4g/t.

 

The company also owns the Apex project near Snow Lake, Manitoba and the
Denton-Keefer project near Timmins, Ontario, and intends to focus on organic
growth and accretive acquisition opportunities in North America.

 

 

For more information on 1911, shareholders are encouraged to visit their
website: www.1911gold.com (http://www.1911gold.com)

 

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.

 

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or
anticipated future events and anticipated results that are forward-looking in
nature and, as a result, are subject to certain risks and uncertainties, such
as general economic, market and business conditions, competition for qualified
staff, the regulatory process and actions, technical issues, new legislation,
uncertainties resulting from potential delays or changes in plans,
uncertainties resulting from working in a new political jurisdiction,
uncertainties regarding the results of exploration, uncertainties regarding
the timing and granting of prospecting rights, uncertainties regarding the
Company's ability to execute and implement future plans, and the occurrence of
unexpected events.  Actual results achieved may vary from the information
provided herein as a result of numerous known and unknown risks and
uncertainties and other factors.

 

For further information please contact:

 

 Gunsynd plc

 Hamish Harris / Peter Ruse    +44 (0) 78 7958 4153

 Cairn Financial Advisers LLP

 Liam Murray / James Western   +44 (0) 20 7213 0880

 Peterhouse Capital Limited

 Lucy Williams                 +44 (0) 20 7469 0936

 

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