REG - Gunsynd PLC - Update on Black Schist Projects & share disposal

GunsyndAnnouncement

16/11/2023 07:00

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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 £250,000 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$497,186.50 (approx £257,000) at an average
price of AUD$ 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                    +44 (0)7879 584 153

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

 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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