REG - Gunsynd PLC - Further re Barb Gold Project, Issue of Equity

GunsyndAnnouncement

28/08/2025 07:00

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RNS Number : 9516W  Gunsynd PLC  28 August 2025

Gunsynd PLC

("Gunsynd" or the "Company")

Further re Barb Gold Project

Issue of Equity and Grant of Options

Gunsynd (AIM: GUN) announces that further to its announcement of 23 June 2025,
the Company has entered into a farm-in agreement with 10148942 MB LTD (trading
as Critical Discoveries) ("the Vendor" or the "Operator") (the "Agreement")
with respect to the Barb Gold Project. The terms of the Agreement are the same
as the legally binding Term Sheet announced on 23 June 2025.

The Company is in discussions with the Operator with respect to an upcoming
work programme and permitting.   The Company will update the market with
respect to this in due course.

Initial Cash and Equity Payment

Gunsynd will shortly make a payment to the Vendor of CAD$190,000 (approx.
£102,000) in cash in order to recover costs previously incurred by the Vendor
in relation to acquisition and sunk costs on exploration activities.

Gunsynd has also issued 13,039,813 new ordinary shares at a price of 0.1029
pence per share ("Vendor Shares") to the Vendor  in line with the first
tranche payment due to the Vendor under the Agreement.

 Grant of Options

Options ("the Options") over a total of 100,000,000 new ordinary shares in the
capital of the Company ("Ordinary Shares") were awarded on 26 August 2025 at
an exercise price of 0.12 pence (being a premium of 24 per cent. over the mid
closing price on 22 August 2025). The Options vest immediately and will expire
in 3 years from the date of grant.

The Options represent approximately 6.72 per cent. of the Company's current
issued ordinary share capital. They have been issued to two Directors of the
Company, Hamish Harris and Donald Strang (100,000,000 in total).

The table below sets out the Directors' interest in the Company following this
grant of Options:

                               Hamish Harris  Donald Strang
 Interest in ordinary shares   19,494,809     65,000,000
 Interest in warrants          4,166,666      12,500,000
 Interest in existing options  0              0
 New Options granted           50,000,000     50,000,000

 

Admission

Application will be made to the London Stock Exchange for the admission of the
13,039,813 Vendor Shares to trading on AIM ("Admission"). Admission is
expected to occur on or around 2 September 2025. The new ordinary 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 1,500,285,035
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.

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

 Peterhouse Capital Limited

 Lucy Williams                                +44 (0)20 7469 0936

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 1   Details of the persons discharging managerial responsibilities / person
     closely associated

 a)  Name                                    A)    Donald Strang

                                             B)    Hamish Harris
 2   Reason for the notification

 a)  Position/Status                         A)    Director of the Company

                                             B)    Director of the Company
 b)  Initial notification/ Amendment         Initial notification

 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor

 a)  Name                                    Gunsynd plc

 b)  LEI                                     21380068N2D57QUG1L78

 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted

 a)  Description of the financial

     instrument, type of

     instrument                              Options over new ordinary shares of 0.085 pence each

     Identification code

                                             GB00BMD6PM55

 b)  Nature of the transaction               Options over new ordinary shares

 c)  Price(s) and volume(s)

    Price(s)    Volume(s)
                                             A)  0.12 pence  50,000,000
                                             B)  0.12 pence  50,000,000

 
 d)  Aggregated information

     -      Aggregated volume                N/A

                                             N/A

     -      Price

 e)  Date of transaction                     26 August 2025

 f)  Place of transaction                    London Stock Exchange

 

d)

Aggregated information

 

-      Aggregated volume

 

-      Price

 

 

 

N/A

N/A

e)

Date of transaction

 

26 August 2025

f)

Place of transaction

 

London Stock Exchange

 

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