TIDMGUN

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 GBP250,000 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$497,186.50 (approx GBP257,000) at an average price of AUD$ 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 
 www.gunsynd.com               +44 (0)7879 584 153 
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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November 16, 2023 02:00 ET (07:00 GMT)

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