IN BRIEF: Gunsynd Notes Delay In Rincon Resources' IPO

Thu, 10th Dec 2020 06:57

Gunsynd PLC - investment company focused on the natural resources sector - Notes delay for Australian gold and base metals exploration company Rincon Resources Pty Ltd's initial public offering on the Australian Securities Exchange, originally targeted for December 10. Gunsynd has a 28% shareholding in Rincon Resources. Says it did not take part in investee Pacific Nickel Mines Ltd's placing of 76 million shares at AUD0.05 each. Pacific Nickel raised AUD3.8 million via the placing.

Current stock price: 2.44 pence

Year-to-date change: up over 100% from 1.02p at December 31, 2019

By Greg Roxburgh; gregroxburgh@alliancenews.com

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