Angold Resources Ltd - Capital Raising

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 £58,000)) at a price of C$0.40 per ordinary share for gross proceeds of C$8,000,000 (approximately £4,650,000).  

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.

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