Gunsynd Plc

("Gunsynd" or the "Company")

Fundraise, Issue of Warrants and Broker Option

Gunsynd (AIM: GUN) announces that it has raised gross proceeds of £450,000 comprising a placing  of 333,333,333 new ordinary shares of 0.085 pence each ("Ordinary Shares") at 0.12 pence per share (the "Issue Price") (the "Placing") raising gross proceeds of £400,000 through its broker, Peterhouse Capital Limited ("Peterhouse"), and a subscription of 41,666,666 new Ordinary Shares at the Issue Price, raising gross proceeds of £50,000 (the "Subscription") (together, the "Fundraise"). Participants in the Fundraise will also receive one warrant for every two new Ordinary Shares subscribed for, exercisable at 0.2 pence from the date of Admission (defined below) and expiring on the one-year anniversary of the date of Admission (the "Warrants"). In aggregate, 187,499,999 Warrants will be issued.

The net proceeds of the Placing and Subscription will be used to provide the Company with additional funding for general working capital, progress its activities and make investments in line with its stated investing policy in particular with respect to its recent Canadian acquisitions comprising the Bear Twit, Falcon Greylark and Barb projects.

Director Participation

Certain directors of the Company are subscribing for in aggregate 33,333,333 new Ordinary Shares at the Issue Price ("Director Participation") as part of the Subscription.  Details of the Director Participation are set out below:

Related Party Transaction

The participation of Donald Strang and Hamish Harris pursuant to the Director Participation constitutes a related party transaction for the purposes of Rule 13 of the AIM Rules (the "Transaction"). Peter Ruse, being the director of the Company independent of the Transaction, having consulted with the Company's nominated adviser, Cairn Financial Advisers LLP, consider that the terms of the Transaction are fair and reasonable in so far as the Company's shareholders are concerned.

Broker Option

In order to provide qualified Gunsynd shareholders ("Existing Shareholders") and other qualified  investors with an opportunity to participate on the same basis as the Placing (with the same Issue Price and identical Warrant entitlement), the Company has granted Peterhouse a broker option over 100,000,000 new Ordinary Shares ("Broker Option Shares") ("Broker Option"). Full take up of the Broker Option Shares would raise a further £120,000 for the Company, before expenses. The Broker Option Shares will be issued under the Company's existing share authorities.

Existing Shareholders who hold shares in the Company and are on the register of members as at the close of business on 15 July 2025, will be prioritised for participation in the Broker Option (other than at the discretion of Peterhouse) and all orders from such Existing Shareholders will be accepted and processed by Peterhouse on a strictly "First Come, First Served" basis. The Broker Option has not been underwritten. Peterhouse is entitled to participate in the Broker Option as principal.

The Broker Option may be exercisable by Peterhouse on more than one occasion, at any time from the date of this announcement until 5.00 p.m. UK time on 18 July 2025 at its absolute discretion, following consultation with the Company. There is no obligation on Peterhouse to exercise the Broker Option or to seek to procure subscribers for the Broker Option Shares.

Peterhouse may also, subject to prior consent of the Company, allocate new ordinary shares  after the time of any initial allocation to any person submitting a bid after that time. Peterhouse may choose not to accept bids and/or to accept bids, either in whole or in part, on the basis of allocations determined at their discretion (after consultation with the Company) and may scale down any bids for this purpose on such basis as Peterhouse may determine. Peterhouse may also, subject to prior consent of the Company, allocate new Ordinary Shares after the time of any initial allocation to any person submitting a bid after that time. The Broker Option Shares are not being made available to the public and none of the Broker Option Shares are being offered or sold in any jurisdiction where it would be unlawful to do so. No Prospectus will be issued in connection with the Broker Option.

A further announcement will be made in due course following the close of the Broker Option and in relation to the confirmed number of Broker Option Shares.

Subscription to Broker Option

To subscribe for Broker Option Shares, Existing Shareholders and other qualified investors should communicate their bid to Peterhouse via their stockbroker as Peterhouse cannot take direct orders from individual private investors. Existing Shareholders or other interested parties who wish to register their interest in participating in the Broker Option Shares should instruct their stockbroker to call Peterhouse on 020 7469 0936. Each bid should state the number of Broker Option Shares the Existing Shareholder or other qualified investor wishes to subscribe for at the Placing Price.

Admission of the New Ordinary Shares

Application will be made to the London Stock Exchange to admit the 374,999,999 new Ordinary Shares, pursuant to the Placing and Subscription, to trading on AIM ("Admission"). Admission of the new Ordinary Shares is expected to occur on or around 23 July 2025. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares.

Total Voting Rights following Admission

For the purpose of the Disclosure and Transparency Rules, following Admission, the enlarged issued share capital of the Company will comprise 1,462,245,222 ordinary shares of 0.085p each. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.

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.

This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.

For further information, please contact:

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them