REG - Gunsynd PLC - Acquisition of Gold Claims & Issue of Equity

GunsyndAnnouncement

12/01/2026 07:00

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RNS Number : 4894O  Gunsynd PLC  12 January 2026

Gunsynd PLC

("Gunsynd" or the "Company")

Barb Gold Project Update

Acquisition of High-Grade Gold Claims

Issue of Equity

Gunsynd (AIM: GUN) is pleased to announce that it has entered into a legally
binding Property Purchase agreement with Peter Dunlop (the "Vendor") which
sets out the commercial terms pursuant to which the Company will acquire
certain licences ("Lotus 1 and 2, Denver and Brook") over prospective acreage
in Manitoba, Canada (the "Proposed Transaction"), subject to completion.

Highlights

·    100% Acquisition of the historic Lotus Mine, along with the Denver
and Betty shafts which are in addition to the original Barb Project
acquisition ("Barb Project") announced on 23 June 2025.

·    Located in the southern part of the Barb Project close to the
Wanipigow fault which represents a principal control on orogenic gold in the
90km long Rice Lake greenstone belt (including 1911 Gold's True North Mill.
The fault extends into Ontario's prolific Red Lake belt (circa 30 million oz
of past gold production).  See appendix for Map.  This part of the Barb
Project also corresponds to the high grade gold grab samples previously
announced in October 2025.

·    Further consolidates the Gunsynd land package after the acquisition
of the Barb and English claims (which constitute the Barb Project) in June
2025.

·    Historical grades at Lotus and Denver significantly higher than assay
results previously announced by Gunsynd.

Lotus 1 and 2

Esso Resources 1980 diamond drill campaign indicated the presence of at least
four gold bear shoots along the 365 metres ("m") strike length of a vein
system.  The average uncut grade of the shoots was 17 g/t au.  Highlights of
the 21 holes included:

Lo1 213 g/t au over 0.3 m

LO21 99 g/t au over 0.76m

Lotus drill results from 1980 produced 71,500 tons at 5.38g/t AU

Denver

Sampling program in the 90s produced about 17 g/t au average grade per sample.

A field campaign in 2014 by JOVG Resources delivered assay results of an
average of 94.68 g/t au with the highest grade of 221 g/t au.

Brook (aka Betty)

The Betty shaft grab samples assayed 3.4 g/t Au, never drilled.

Initial Cash and Equity Payment

Payment to the Vendor of CAD$250,000 (approx. £135,000) upon closing.

Gunsynd will issue to a third party associated with the transaction 11,654,783
new ordinary shares of 0.085 pence ("Ordinary Shares") at a price of 0.115
pence per share.

Smelter Royalty

The Company will grant to the Vendor a 2.5% net smelter royalty ("NSR"),
payable over the claims. Up to sixty percent (60%) of which may be repurchased
by the Purchaser at any time for $1,500,000 to reduce the NSR to 1.0%.

Employee Benefit Trust and Issue of Equity

Gunsynd has also issued 50,000,000 new ordinary shares (the "EBT Shares") to
the Gunsynd Employee Benefit Trust ("EBT") at a price of 0.085p (being par
value) per new ordinary share, following a subscription by the trustee of the
EBT, LGL Trustees Jersey, at an aggregate cost to the Company of £42,500.
Following admission of the EBT Shares, the EBT will hold 140,000,000 ordinary
shares representing approximately 8.79% of the enlarged issued share capital
of the Company following Admission (as defined below).

Admission

Application will be made to the London Stock Exchange to admit EBT Shares to
trading on AIM ("Admission"). Admission is expected to occur on or around 16
January 2026. The EBT Shares will rank pari passu with the existing ordinary
shares.

Total Voting Rights

For the purposes of the Disclosure and Transparency Rules, following
Admission, the Company's issued share capital will comprise 1,592,639,203
ordinary shares of 0.085p each. This figure may be used by shareholders as the
denominator for calculations to determine if they are required to notify their
interest in, or a change to their interest in, the Company under the
Disclosure and Transparency Rules.

The historical exploration results referred to in this announcement are
derived from reports and data compiled by previous operators of the
properties. These results are historical in nature and have not been prepared
in accordance with the JORC Code (2012) or any other recognised reporting
standard.

Hamish Harris, Chairman of Gunsynd, commented:

"The board is delighted to have been able to add these claims to the Barb
Project.  The area has long been known to have had gold occurrences but
hasn't been systematically explored largely due to fragmentation of
ownership.  The acquisition of these claims with historic high grade assays
goes a long way to redress this and provides us with ready made drill
targets.  The Lotus and Denver claims will be a priority for us with respect
to drill planning.  We will be closely working with Critical Discoveries as
the project operator to expedite permitting and near-term exploration."

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.

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                   +44 (0)7879 584 153

  www.gunsynd.com (http://www.gunsynd.com)

 Cairn Financial Advisers LLP

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

 AlbR Capital Limited

 Lucy Williams                                +44 (0)20 7469 0936

 

 

 

Appendix

Claims List

 NUMBER   MINING CLAIM NAME AND NUMBER   DATE RECORDED   EXPIRY DATE    HECTARES
 1.       LOTUS 1 W53445                 10/05/1993      12/04/2046    16
 2.       LOTUS 2 W53446                 10/05/1993      12/04/2035    48
 3.       BROOK W53690                   12/22/1995      02/20/2031    16
 4.       DENVER 1 W49604                12/06/1993      02/04/2038    16
          TOTAL AREA:                                                  96

 

 

 

 

 

 

 

 

 

 

 

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