Gunsynd Plc (AIM: GUN, AQSE: GUN) is pleased to announce that it has invested C$250,000 (approximately £146,000) into precious metals royalty and streaming company Empress Royalty Corp (“Empress”).
This investment further complements the Company’s existing investments in the precious metals sector, adding new commodity exposure to silver.
Empress is a precious metals royalty and streaming company focussed on the creation of financing solutions for mining companies. Empress has an existing portfolio of 13 gold royalties and is in the process of conducting due diligence for the acquisition of three near-term cash producing gold and silver investments.
Empress has a strong shareholder base and collection of strategic partnerships; Endeavour Financial (19.9% shareholder) in London, Terra Capital (19.9% shareholder) in Australia and Accendo Banco, and affiliates (19.9% shareholder) in Mexico. This will allow Empress to not only access global investment opportunities but also brings significant mining finance expertise, deal structuring and access to capital markets.
Empress is a Canadian reporting issuer, this current financing has raised C$8,000,000. Proceeds of the financing will fund three new investments; a gold and one silver royalty, a gold royalty and a silver streaming transaction, all of which are expected to be revenue-generating within 12 months.
The investment was executed on the following terms:
Subscription for 1,000,000 ordinary shares at C$0.25 per share for a total consideration of C$250,000 (approximately £146,000). The investment is part of a fully subscribed C$8,000,000 capital raising supported by institutional and high net worth investors from both North America and Australia.
Peter Ruse, a director of Gunsynd, commented: “We are very pleased to participate in this financing round for Empress Royalty Corp. We believe Empress offers an attractive entry point into the gold and silver royalty/streaming space which continues to be an attractive area in North American and European capital markets.”
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
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.
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