Gunsynd PLC Angold Resources Ltd - Capital Raising (7736A)
01 Oktober 2020 - 8:00AM
UK Regulatory
TIDMGUN
RNS Number : 7736A
Gunsynd PLC
01 October 2020
Gunsynd plc
("Gunsynd" or the "Company")
Angold Resources Ltd - Capital Raising
Gunsynd Plc (AIM: GUN, AQSE: GUN) is pleased to announce that,
further to the announcement of 30 September 2020, Federal Gold
Corp. (to be renamed Angold Resources Ltd subject to completion of
a reverse takeover as detailed below ("Angold" or the "Issuer"))
has closed its previously announced capital raising (in which
Gunsynd has invested C$100,000 (approximately GBP58,000)) at a
price of C$0.40 per ordinary share for gross proceeds of
C$8,000,000 (approximately GBP4,650,000).
Subject to a number of remaining conditions, including receipt
of regulatory consents and TSX Exchange approval, the Issuer will
complete a reverse takeover of ZTR Acquisition Corp (ZTR.H:APH)
("ZTR"), whereby ZTR will acquire all of the issued and outstanding
share capital of the Issuer.
A further announcement will be made in due course.
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 / 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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