Update on Black Schist Projects & share disposal
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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.
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