Gunsynd PLC New Investment - Empress Royalty Corp. (0477D)
October 23 2020 - 4:13AM
UK Regulatory
TIDMGUN
RNS Number : 0477D
Gunsynd PLC
23 October 2020
Gunsynd plc
("Gunsynd" or the "Company")
New Investment - Empress Royalty Corp.
Gunsynd Plc (AIM: GUN, AQSE: GUN) is pleased to announce that it
has invested C$250,000 (approximately GBP146,000) into precious
metals royalty and streaming company Empress Royalty Corp
("Empress"). This investment further complements the Company's
existing investments in the precious metals sector, adding new
commodity exposure to silver.
Empress is a precious metals royalty and streaming company
focussed on the creation of financing solutions for mining
companies. Empress has an existing portfolio of 13 gold royalties
and is in the process of conducting due diligence for the
acquisition of three near-term cash producing gold and silver
investments.
Empress has a strong shareholder base and collection of
strategic partnerships; Endeavour Financial (19.9% shareholder) in
London, Terra Capital (19.9% shareholder) in Australia and Accendo
Banco, and affiliates (19.9% shareholder) in Mexico. This will
allow Empress to not only access global investment opportunities
but also brings significant mining finance expertise, deal
structuring and access to capital markets.
Empress is a Canadian reporting issuer, this current financing
has raised C$8,000,000. Proceeds of the financing will fund three
new investments; a gold and one silver royalty, a gold royalty and
a silver streaming transaction, all of which are expected to be
revenue generating within 12 months.
The investment was executed on the following terms:
Subscription for 1,000,000 ordinary shares at C$0.25 per share
for a total consideration of C$250,000 (approximately GBP146,000).
The investment is part of a fully subscribed C$8,000,000 capital
raising supported by institutional and high net worth investors
from both North America and Australia.
Peter Ruse, a director of Gunsynd, commented: "We are very
pleased to participate in this financing round for Empress Royalty
Corp. We believe Empress offers an attractive entry point into the
gold and silver royalty/streaming space which continues to be an
attractive area in North American and European capital
markets."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
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.
The Directors of Gunsynd accept responsibility for 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 /
Mark Rogers +44 (0) 20 7213 0880
Peterhouse Capital Limited
Lucy Williams +44 (0) 20 7469 0936
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END
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