Gunsynd (GUN ) has updated the market on its investment in 1911 Gold Corporation, realising gains through measured share sales and warrant exercises.

The investment was first made on 28 December 2023 and has delivered strong returns for Gunsynd.

Gunsynd sold 2,770,000 shares for about £360,802.

Additionally, Gunsynd exercised its 1911 Gold warrants to buy 5,833,333 new shares for a total consideration of about £319,204.

Of the shares arising from the warrant exercise, 4,000,000 were sold for gross proceeds of about £541,407, resulting in net proceeds of £321,534 after deducting the exercise cost.

As at 22 August 2025, Gunsynd’s remaining 1,833,333 shares in 1911 Gold equate to roughly 1% of the company.

This is valued at about £255,410.

Gunsynd director Peter Ruse said: “It is really pleasing to be able to update shareholders with the news of this managed sell down of our 1911 Gold Investment. The share price and returns have exceeded expectations from our initial investment at CAD$0.06 in December 2023. The Board of Gunsynd continues to hold a material shareholding on the balance sheet to capture further upside which I remain confident the company will deliver. 1911 Gold remains well funded, underway with multiple drill rigs turning in a buoyant precious metals market.”

"Furthermore, Gunsynd remains heavily committed to the Rice Lake Gold region with the recent 100% acquisition of the Barb Gold project sitting adjacent to the True North mine owned by 1911 Gold. We look forward to collaborating with 1911 Gold on logistics and access to technical personnel as Gunsynd deploys exploration capital into these properties in the near term.”

View from Vox

Gunsynd has banked meaningful gains while keeping exposure to further drilling-led catalysts at 1911 Gold. The residual stake offers upside optionality, and the Barb Gold acquisition in the same district provides strategic alignment. Execution and market conditions in small-cap Canadian gold names remain key variables, but the de-risking from realised proceeds looks supportive.