Gunsynd Plc
("Gunsynd" or the "Company")
Placing and Issue of
Warrants
Gunsynd (AIM: GUN) is pleased to
announce that it has raised gross proceeds of £250,000 through the
issue of 200,000,000 new ordinary shares of 0.085 pence ("Placing
Shares") each at a price of 0.125 pence per Placing Share (the
"Placing Price") (the "Placing"). Placees will also receive one
warrant for every two ordinary shares subscribed for, exercisable
at 0.2 pence from the date of Admission (defined below) and
expiring on the one-year anniversary of the date of Admission (the
"Placing Warrants"). In aggregate, 100,000,000 Placing Warrants
will be issued.
The net proceeds of the Placing will
be used to provide the Company with additional funding for general
working capital, making investments in line with its stated
investing policy and progressing its activities particularly with
respect to its recent Canadian acquisitions being the Bear Twit,
Falcon and West Dismal projects.
Certain directors of the Company
have subscribed for, in aggregate, 24,000,000 new ordinary shares
at the Placing Price ("Director Participation"). Details of the
Director Participation are set out below:
|
Name
|
Amount
|
No. of Ordinary Shares to be
issued
|
No. of Placing Warrants to be
issued
|
Resulting
shareholding following Director
Participation
|
Resulting % shareholding following
Director Participation
|
|
Donald Strang
|
£20,000
|
16,000,000
|
8,000,000
|
34,820,211
|
3.71%
|
|
Hamish Harris
|
£10,000
|
8,000,000
|
4,000,000
|
11,161,476
|
1.19%
|
|
|
|
|
|
|
|
|
Total
|
£30,000
|
24,000,000
|
12,000,000
|
45,981,687
|
4.90%
|
Related Party Transaction
The Director Participation in the
Placing constitutes a related party transaction for the purposes of
Rule 13 of the AIM Rules by virtue of Donald Strang and Hamish
Harris both being directors of the Company and therefore related
parties (the "Transaction"). Peter Ruse, being the director of the
Company independent of the Transaction considers, having consulted
with Cairn Financial Advisers LLP, the Company's nominated adviser
for the purposes of the AIM Rules, that the terms of the
Transaction are fair and reasonable in so far as shareholders are
concerned.
Admission of the New Ordinary
Shares
Application will be made to the
London Stock Exchange to admit the Placing Shares ("New Ordinary
Shares") to trading on AIM ("Admission"). Admission of the new
ordinary shares is expected to occur on or around 10 September
2024. The New Ordinary Shares will rank pari passu with the existing ordinary
shares.
Total Voting Rights following
Admission
For the purpose of the Disclosure
and Transparency Rules, following Admission, the enlarged issued
share capital of the Company will comprise 939,745,223 ordinary
shares of 0.085p each. The above figure may be used by shareholders
as the denominator for the calculations by which they will
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) 78 7958 4153
|
|
|
|
|
Cairn
Financial Advisers LLP
James Caithie / Liam Murray / James
Western
|
+44 20 7213 0880
|
|
|
|
|
Peterhouse
Capital Limited
Lucy Williams
|
+44 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
|
Donald Strang
|
|
2
|
Reason for the notification
|
|
a)
|
Position/Status
|
Executive Director
|
|
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
Identification code
|
Ordinary shares of 0.085 pence
each
GB00BMD6PM55
|
|
b)
|
Nature of the transaction
|
Purchase of ordinary shares
as part of the Placing
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
0.125p
|
16,000,000
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
|
|
e)
|
Date of transaction
|
3 September 2024
|
|
f)
|
Place of transaction
|
London Stock Exchange
|
|
1
|
Details of the persons discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Hamish Harris
|
|
2
|
Reason for the notification
|
|
a)
|
Position/Status
|
Executive Chairman
|
|
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
Identification code
|
Ordinary shares of 0.085 pence
each
GB00BMD6PM55
|
|
b)
|
Nature of the transaction
|
Purchase of ordinary shares
as part of the Placing
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
0.125p
|
8,000,000
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
|
|
e)
|
Date of transaction
|
3 September 2024
|
|
f)
|
Place of transaction
|
London Stock Exchange
|
|
1
|
Details of the persons discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Donald Strang
|
|
2
|
Reason for the notification
|
|
a)
|
Position/Status
|
Executive Director
|
|
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
Identification code
|
Warrants over new ordinary shares of
0.085 pence each
GB00BMD6PM55
|
|
b)
|
Nature of the transaction
|
Issue of 1 warrant for every 2 shares
subscribed for in the Placing
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
0.125p
|
8,000,000
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
|
|
e)
|
Date of transaction
|
3 September 2024
|
|
f)
|
Place of transaction
|
London Stock Exchange
|
|
1
|
Details of the persons discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Hamish Harris
|
|
2
|
Reason for the notification
|
|
a)
|
Position/Status
|
Executive Chairman
|
|
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
Identification code
|
Warrants over new ordinary shares of
0.085 pence each
GB00BMD6PM55
|
|
b)
|
Nature of the transaction
|
Issue of 1 warrant for every 2 shares
subscribed for in the Placing
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
0.2 p
|
4,000,000
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
|
|
e)
|
Date of transaction
|
3 September 2024
|
|
f)
|
Place of transaction
|
London Stock Exchange
|