REG - Gunsynd PLC - Rogue Baron Plc - Investee Company Update

GunsyndAnnouncement

22/03/2024 12:30

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RNS Number : 9998H  Gunsynd PLC  22 March 2024

Gunsynd PLC

("Gunsynd" or the "Company")

 

Rogue Baron Plc - Investee Company Update

 

Gunsynd Plc (AIM: GUN, AQSE: GUN) notes the announcement by Rogue Baron Plc
("Rogue Baron") that a USA based Institutional Investor ("Investor") has
agreed to invest USD $1,000,000 directly into Rogue Baron's  wholly owned US
subsidiary, Shinju Spirits Inc. ("Shinju Spirits"; the "Investment").

 

The USD $1,000,000 is comprised of USD $750,000 in cash and USD $250,000 worth
of business enhancement services, which will be provided by the Investor to
support the sales growth of Shinju Japanese Whisky, the company's signature
brand.

 

In return for the Investment, the Investor will receive $750,000 of Seed
Series Preferred Shares in Shinju Spirits that will have customary rights of a
venture capital financing, commensurate with the rights set out in the
American National Venture Capital Association Model Legal Documents. The
Investor will also receive $250,000 in warrants to purchase up to a further
$250,000 in common stock of Shinju Spirits.

 

Gunsynd holds 21,543,563 shares in Rogue Baron equal to 17.45% of the issued
share capital.

 

 

The Directors of Gunsynd accept responsibility for this announcement.

 

For further information, please contact:

 Gunsynd plc                   +44 (0) 78 7958 4153

 Hamish Harris/ Peter Ruse

 Cairn Financial Advisers LLP  +44 (0) 20 7213 0880

 James Caithie / Liam Murray

 Peterhouse Capital Limited    +44 (0) 20 7469 0936

 Lucy Williams

 

 

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