Gunsynd PLC Rogue Baron Plc - Investee Company Update
22 Marzo 2024 - 6:24AM
RNS Regulatory News
RNS Number : 9998H
Gunsynd PLC
22 March 2024
Gunsynd PLC
("Gunsynd" or the
"Company")
Rogue Baron Plc - Investee
Company Update
Gunsynd Plc (AIM: GUN, AQSE: GUN)
notes the announcement by Rogue Baron Plc ("Rogue Baron") that a
USA based Institutional Investor ("Investor") has agreed to invest
USD $1,000,000 directly into Rogue Baron's wholly owned US
subsidiary, Shinju Spirits Inc. ("Shinju Spirits"; the
"Investment").
The USD $1,000,000 is comprised of
USD $750,000 in cash and USD $250,000 worth of business enhancement
services, which will be provided by the Investor to support the
sales growth of Shinju Japanese Whisky, the company's signature
brand.
In return for the Investment, the
Investor will receive $750,000 of Seed Series Preferred Shares in
Shinju Spirits that will have customary rights of a venture capital
financing, commensurate with the rights set out in the American
National Venture Capital Association Model Legal Documents. The
Investor will also receive $250,000 in warrants to purchase up to a
further $250,000 in common stock of Shinju Spirits.
Gunsynd holds 21,543,563 shares in
Rogue Baron equal to 17.45% of the issued share capital.
The Directors of Gunsynd accept
responsibility for this announcement.
For further information, please
contact:
Gunsynd plc
Hamish Harris/ Peter Ruse
|
+44 (0) 78 7958 4153
|
|
|
Cairn Financial Advisers LLP
James Caithie / Liam
Murray
|
+44 (0) 20 7213 0880
|
|
|
Peterhouse Capital Limited
Lucy Williams
|
+44 (0) 20 7469 0936
|
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