Gunsynd PLC Placing to Raise GBP465,000 (0492S)
July 06 2020 - 2:00AM
UK Regulatory
TIDMGUN
RNS Number : 0492S
Gunsynd PLC
06 July 2020
Gunsynd PLC
("Gunsynd" or the "Company")
Placing to Raise GBP465,000
Gunsynd (AIM: GUN, AQSE: GUN) announces that it has placed,
through its broker, Peterhouse Corporate Finance ("Peterhouse"),
71,538,462 new ordinary shares to raise gross proceeds of
approximately GBP465,000 (the "Placing"). The new ordinary shares
have been placed at a price of 0.65 pence per share (the "Placing
Price").
The placees will also receive one warrant for every three
ordinary shares subscribed for, exercisable at 1.3 pence (the
"Placing Warrants") and expiring on the one-year anniversary of the
date of issue. In aggregate, 23,846,154 Placing Warrants will be
issued.
The net proceeds of the Placing will provide the Company with
additional funding to progress its activities and make investments
in line with its stated investing policy.
The Placing Shares will rank pari passu with the existing
Ordinary Shares and an application has been made to the London
Stock Exchange for admission of the 71,538,462 Placing shares to
trading on AIM ("Admission"). Admission is expected to occur at
8.00 a.m. on or around 10 July 2020.
Total voting rights
Following Admission, the Company's issued share capital will
comprise 238,367,047 Ordinary Shares with voting rights. The
Company does not hold any Ordinary Shares in treasury. The figure
of 238,367,047 Ordinary Shares may therefore be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the FCA's Disclosure and Transparency Rules.
Hamish Harris, Executive Chairman, commented: "It is pleasing to
see such strong support from investors following our recent
investment in Rincon Resources. The additional funds will allow us
to maintain our stake in Rincon and support it in its future growth
plans and pursue additional investments to add to the
portfolio."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
The Directors of Gunsynd accept responsibility for this
announcement.
For further information, please contact:
Gunsynd plc
Hamish Harris +44 20 7440 0640
Cairn Financial Advisers LLP
James Caithie / Liam Murray +44 20 7213 0880
Peterhouse Capital Limited
Lucy Williams +44 20 7469 0930
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END
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