Partial disposal of shares in Charger Metals

RNS Number : 1705A

Gunsynd PLC

31 January 2022

31 January 2022 Gunsynd plc

("Gunsynd" or the "Company")

Partial disposal of shares in Charger Metals Limited

Gunsynd Plc (AIM: GUN, AQSE: GUN) announces that it has partially disposed of holdings in one of its investee companies Charger Metals Limited ("Charger") (ASX: CHR).

The disposal was executed via the sale of 600,000 shares on the market at an average price per share of approximately 82 cents AUD for proceeds of approximately AUD$493,000 (approximately £260,000) after costs. This fully recoups the total cash outlay of $480,000 invested by Gunsynd in Charger.

Following this disposal, Gunsynd continues to hold 3 million shares in Charger representing approximately 6%.

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

+44 (0) 20 7213 0880

Peterhouse Capital Limited

Lucy Williams

+44 (0) 20 7469 0936

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