Gunsynd Plc
("Gunsynd" or the "Company")
Term Sheet for High Grade Gold Project in Canada
Appointment of Corporate Broker
Gunsynd (AIM: GUN), an investing company, is pleased to announce that it has entered into a legally binding Term Sheet with Ulvestone Ltd (the "Vendor") which sets out the indicative commercial terms pursuant to which it is proposed that the Company will enter into a farm-in agreement (the "Agreement") with respect to the Eagle Gold Project consisting of certain licences over prospective acreage in Canada (the "Proposed Transaction").
Highlights
· 10% proposed acquisition of the Eagle Gold Project, Ontario
· 95 mining claims, 1,960 hectares situated in the Wabigoon Greenstone belt which includes the numerous other gold deposits as per Schedule A
· 27 km southwest of Dryden Ontario
· Road access to within 3km of the property
Historic sampling of up to 204 g/t
2025 field campaign of 21 grab samples included 3 samples of > 25g/t au with the largest being 75.7g/t au.
26 shallow holes drilled 1951-1985
1982 - 1985, Significant Results
| DDH |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
| R-82-3 |
64.00 |
67.06 |
3.05 |
1.95 |
| R-83-6 |
53.34 |
59.44 |
6.10 |
1.64 |
| R-83-10 |
5.24 |
7.62 |
2.38 |
1.20 |
| 24.38 |
30.48 |
6.09 |
1.70 |
|
| 35.05 |
38.10 |
3.05 |
1.13 |
|
| 42.67 |
45.72 |
3.05 |
2.54 |
|
| 99.01 |
102.11 |
3.05 |
3.94 |
|
| R-83-11 |
17.98 |
18.75 |
0.76 |
1.95 |
| 101.50 |
103.02 |
1.52 |
2.78 |
|
| R-85-12 |
18.29 |
19.51 |
1.22 |
2.74 |
| 23.16 |
24.23 |
1.07 |
8.23 |
|
| 27.43 |
30.48 |
3.05 |
2.05 |
|
| 36.58 |
39.62 |
3.05 |
2.05 |
|
| R-85-13 |
51.82 |
54.86 |
3.05 |
7.54 |
| R-85-16 |
9.14 |
12.19 |
3.05 |
2.05 |
Under the Term Sheet, Gunsynd will acquire a 10% legal and beneficial interest in the Eagle Gold Project in Ontario Canada (the "Project"). Subject to entering the Agreement, the consideration will be satisfied by:
i) Payment to the Vendor £170,000 in cash
(ii) 32,258,065 new ordinary shares of 0.085 pence ("Ordinary Shares") in Gunsynd at a price of 0.155 pence per share.
A 2% net smelter royalty payable exists over the license/permits in the Project.
Corporate Broker
Following the merger of the capital markets businesses of Peterhouse Capital Limited and Novum Securities Limited into AlbR Capital Limited, effective from 1 October 2025, the Company is pleased to announce that AlbR Capital Limited has been appointed as Corporate Broker to the Company.
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:
| Gunsynd plc Hamish Harris |
+44 (0) 78 7958 4153 |
| |
|
| Cairn Financial Advisers LLP Liam Murray / James Western |
+44 20 7213 0880 |
| |
|
| AlbR Capital Limited Lucy Williams |
+44 20 7469 0936
|
SCHEDULE A
Location map
Claims list
Eagle Gold Property Claims
| CLAIM NUMBER |
ISSUE DATE |
ANNIVERSARY DATE |
HOLDER |
| 857597 |
9/11/2023 |
11-Sep-2027
|
(100) Ulvestone Ltd |
| 857599 |
9/11/2023 |
11-Sep-2027 |
(100) Ulvestone Ltd |
| 857600 |
9/11/2023 |
11-Sep-2027 |
(100) Ulvestone Ltd |
| 857601 |
9/11/2023 |
11-Sep-2027 |
(100) Ulvestone Ltd |
| 872370 |
12/21/2023 |
21-Dec-2027 |
(100) Ulvestone Ltd |
| 872371 |
12/21/2023 |
21-Dec-2027 |
(100) Ulvestone Ltd |
| 872372 |
12/21/2023 |
21-Dec-2027 |
(100) Ulvestone Ltd |
| 872373 |
12/21/2023 |
21-Dec-2027 |
(100) Ulvestone Ltd |
| 872374 |
12/21/2023 |
21-Dec-2027 |
(100) Ulvestone Ltd |
| 872375 |
12/21/2023 |
21-Dec-2027 |
(100) Ulvestone Ltd |
| 872376 |
12/21/2023 |
21-Dec-2027 |
(100) Ulvestone Ltd |
| 872377 |
12/21/2023 |
21-Dec-2027 |
(100) Ulvestone Ltd |
| 872764 |
12/22/2023 |
22-Dec-2027 |
(100) Ulvestone Ltd |
| 872765 |
12/22/2023 |
22-Dec-2027 |
(100) Ulvestone Ltd |
| 872766 |
12/22/2023 |
22-Dec-2027 |
(100) Ulvestone Ltd |
| 872767 |
12/22/2023 |
22-Dec-2027 |
(100) Ulvestone Ltd |
| 872768 |
12/22/2023 |
22-Dec-2027 |
(100) Ulvestone Ltd |
| 872769 |
12/22/2023 |
22-Dec-2027 |
(100) Ulvestone Ltd |
| 873368 |
12/29/2023 |
29-Dec-2027 |
(100) Ulvestone Ltd |
| 873369 |
12/29/2023 |
29-Dec-2027 |
(100) Ulvestone Ltd |
| 873370 |
12/29/2023 |
29-Dec-2027 |
(100) Ulvestone Ltd |
| 873371 |
12/29/2023 |
29-Dec-2027 |
(100) Ulvestone Ltd |
| 873372 |
12/29/2023 |
29-Dec-2027 |
(100) Ulvestone Ltd |
| 873373 |
12/29/2023 |
29-Dec-2027 |
(100) Ulvestone Ltd |
| 873374 |
12/29/2023 |
29-Dec-2027 |
(100) Ulvestone Ltd |
| 873375 |
12/29/2023 |
29-Dec-2027 |
(100) Ulvestone Ltd |
| 873376 |
12/29/2023 |
29-Dec-2027 |
(100) Ulvestone Ltd |
| 885219 |
4/1/2024 |
01-Apr-2028 |
(100) Ulvestone Ltd |
| 885220 |
4/1/2024 |
01-Apr-2028 |
(100) Ulvestone Ltd |
| 892741 |
6/11/2024 |
11-Jun-2026 |
(100) Ulvestone Ltd |
| 892742 |
6/11/2024 |
11-Jun-2026 |
(100) Ulvestone Ltd |
| 892743 |
6/11/2024 |
11-Jun-2026 |
(100) Ulvestone Ltd |
| 892744 |
6/11/2024 |
11-Jun-2026 |
(100) Ulvestone Ltd |
| 892746 |
6/11/2024 |
11-Jun-2026 |
(100) Ulvestone Ltd |
| 892747 |
6/11/2024 |
11-Jun-2026 |
(100) Ulvestone Ltd |
| 893761 |
6/20/2024 |
20-Jun-2026 |
(100) Ulvestone Ltd |
| 893762 |
6/20/2024 |
20-Jun-2026 |
(100) Ulvestone Ltd |
| 893763 |
6/20/2024 |
20-Jun-2026 |
(100) Ulvestone Ltd |
| 893764 |
6/20/2024 |
20-Jun-2028 |
(100) Ulvestone Ltd |
| 893765 |
6/20/2024 |
20-Jun-2028 |
(100) Ulvestone Ltd |
| 893766 |
6/20/2024 |
20-Jun-2028 |
(100) Ulvestone Ltd |
| 893767 |
6/20/2024 |
20-Jun-2026 |
(100) Ulvestone Ltd |
| 893768 |
6/20/2024 |
20-Jun-2028 |
(100) Ulvestone Ltd |
| 893769 |
6/20/2024 |
20-Jun-2028 |
(100) Ulvestone Ltd |
| 893770 |
6/20/2024 |
20-Jun-2028 |
(100) Ulvestone Ltd |
| 893771 |
6/20/2024 |
20-Jun-2028 |
(100) Ulvestone Ltd |
| 893772 |
6/20/2024 |
20-Jun-2028 |
(100) Ulvestone Ltd |
| 893794 |
6/21/2024 |
21-Jun-2028 |
(100) Ulvestone Ltd |
| 893795 |
6/21/2024 |
21-Jun-2028 |
(100) Ulvestone Ltd |
| 893796 |
6/21/2024 |
21-Jun-2028 |
(100) Ulvestone Ltd |
| 893797 |
6/21/2024 |
21-Jun-2028 |
(100) Ulvestone Ltd |
| 893798 |
6/21/2024 |
21-Jun-2028 |
(100) Ulvestone Ltd |
| 893799 |
6/21/2024 |
21-Jun-2026 |
(100) Ulvestone Ltd |
| 893810 |
6/21/2024 |
21-Jun-2026 |
(100) Ulvestone Ltd |
| 893811 |
6/21/2024 |
21-Jun-2026 |
(100) Ulvestone Ltd |
| 893812 |
6/21/2024 |
21-Jun-2026 |
(100) Ulvestone Ltd |
| 893813 |
6/21/2024 |
21-Jun-2026 |
(100) Ulvestone Ltd |
| 893814 |
6/21/2024 |
21-Jun-2026 |
(100) Ulvestone Ltd |
| 893815 |
6/21/2024 |
21-Jun-2026 |
(100) Ulvestone Ltd |
| 893816 |
6/21/2024 |
21-Jun-2026 |
(100) Ulvestone Ltd |
| 893817 |
6/21/2024 |
21-Jun-2026 |
(100) Ulvestone Ltd |
| 893818 |
6/21/2024 |
21-Jun-2026 |
(100) Ulvestone Ltd |
| 893819 |
6/21/2024 |
21-Jun-2028 |
(100) Ulvestone Ltd |
| 893839 |
6/22/2024 |
22-Jun-2028 |
(100) Ulvestone Ltd |
| 893840 |
6/22/2024 |
22-Jun-2028 |
(100) Ulvestone Ltd |
| 893841 |
6/22/2024 |
22-Jun-2028 |
(100) Ulvestone Ltd |
| 893842 |
6/22/2024 |
22-Jun-2028 |
(100) Ulvestone Ltd |
| 893843 |
6/22/2024 |
22-Jun-2028 |
(100) Ulvestone Ltd |
| 893844 |
6/22/2024 |
22-Jun-2028 |
(100) Ulvestone Ltd |
| 893845 |
6/22/2024 |
22-Jun-2028 |
(100) Ulvestone Ltd |
| 893846 |
6/22/2024 |
22-Jun-2028 |
(100) Ulvestone Ltd |
| 893847 |
6/22/2024 |
22-Jun-2028 |
(100) Ulvestone Ltd |
| 893848 |
6/22/2024 |
22-Jun-2026 |
(100) Ulvestone Ltd |
| 893849 |
6/22/2024 |
22-Jun-2026 |
(100) Ulvestone Ltd |
| 893850 |
6/22/2024 |
22-Jun-2026 |
(100) Ulvestone Ltd |
| 919566 |
1/12/2025 |
12-Jan-2027 |
(100) Ulvestone Ltd |
| 919634 |
1/13/2025 |
13-Jan-2027 |
(100) Ulvestone Ltd |
| 919635 |
1/13/2025 |
13-Jan-2027 |
(100) Ulvestone Ltd |
| 919636 |
1/13/2025 |
13-Jan-2027 |
(100) Ulvestone Ltd |
| 919637 |
1/13/2025 |
13-Jan-2027 |
(100) Ulvestone Ltd |
| 939423 |
3/12/2025 |
12-Mar-2027 |
(100) Ulvestone Ltd |
| 939424 |
3/12/2025 |
12-Mar-2027 |
(100) Ulvestone Ltd |
| 939425 |
3/12/2025 |
12-Mar-2027 |
(100) Ulvestone Ltd |
| 939426 |
3/12/2025 |
12-Mar-2027 |
(100) Ulvestone Ltd |
| 939427 |
3/12/2025 |
12-Mar-2027 |
(100) Ulvestone Ltd |
| 939428 |
3/12/2025 |
12-Mar-2027 |
(100) Ulvestone Ltd |
| 939429 |
3/12/2025 |
12-Mar-2027 |
(100) Ulvestone Ltd |
| 939430 |
3/12/2025 |
12-Mar-2027 |
(100) Ulvestone Ltd |
| 939431 |
3/12/2025 |
12-Mar-2027 |
(100) Ulvestone Ltd |
| 939432 |
3/12/2025 |
12-Mar-2027 |
(100) Ulvestone Ltd |
| 939433 |
3/12/2025 |
12-Mar-2027 |
(100) Ulvestone Ltd |
| 939434 |
3/12/2025 |
12-Mar-2027 |
(100) Ulvestone Ltd |
| 939435 |
3/12/2025 |
12-Mar-2027 |
(100) Ulvestone Ltd |
| 939436 |
3/12/2025 |
12-Mar-2027 |
(100) Ulvestone Ltd |
| 939437 |
3/12/2025 |
12-Mar-2027 |
(100) Ulvestone Ltd |