Gunsynd PLC Increase in Shareholding - Rincon Resources (6713M)
January 25 2021 - 2:00AM
UK Regulatory
TIDMGUN
RNS Number : 6713M
Gunsynd PLC
25 January 2021
Gunsynd plc
("Gunsynd" or the "Company")
Increase in Shareholding - Rincon Resources Limited
Gunsynd Plc (AIM: GUN, AQSE: GUN) is pleased to announce that it
has invested an additional A$149,500 (approximately GBP85,000 ) in
Rincon Resources Limited ("Rincon"), one of Gunsynd's existing
investee companies, an ASX listed Australian gold and base metals
exploration company (ASX: RCR).
This further investment in Rincon was executed via purchase of
shares in the market:
-- Purchase of 438,057 shares at an average price of A$0.34
-- Gunsynd now holds 8,900,000 shares in Rincon representing
approximately 17.34% of Rincon's issued share capital.
Hamish Harris , Gunsynd Plc Director, commented: "Gunsynd is
pleased to continue to add to its existing investment in Rincon
Resources. Rincon has what we believe to be a very exciting
portfolio of copper/gold projects. We look forward to Rincon
advancing its highly prospective projects in Western
Australia."
About Rincon Resources
Rincon Resources is a Western Australian ("WA") focused gold and
base metals exploration company. It currently holds the rights to
three highly prospective projects in WA, the most significant of
which, South Telfer, a 50,000-hectare project in the Paterson
province, is approximately 12km south from Newcrest Limited's
Telfer mine. The two others are highly prospective copper-gold
projects - Laverton and Kiwirrkurra.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
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 / Mark Rogers +44 (0) 20 7213 0880
Peterhouse Capital Limited
Lucy Williams +44 (0) 20 7469 0936
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END
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