Gunsynd Plc (AIM: GUN, AQSE: GUN) announced Angold Resources Ltd – Capital Raising, Federal Gold Corp. (to be renamed Angold Resources Ltd subject to completion of a reverse takeover.
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Angold Resources Ltd – Capital Raising
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.
New Investment – Angold Resources Ltd
Gunsynd Plc (AIM: GUN, AQSE: GUN) announce that it has invested C$100,000 (approximately £58,000) into the gold exploration company Federal Gold Corp (to be renamed Angold Resources Ltd subject to completion of a reverse takeover as detailed below (“Angold” or the “Issuer”)).  This investment complements the Company’s recent investment in gold and copper explorer Rincon Resources as announced on 22 and 23 June 2020.
Subject to a number of conditions, including receipt of regulatory consents, TSX Exchange approval and completion of a fundraising as further described below and in which Gunsynd is participating, the Issuer will complete a reverse takeover (the “RTO”) of ZTR Acquisition Corp (ZTR.H:APH) (“ZTR”), whereby ZTR will acquire all of the issued and outstanding share capital of the Issuer. The 35,187,000 existing shares in the Issuer will be exchanged for common shares of ZTR (the “Exchange Shares”) on a one-for-one basis.
