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Last checked at 
25 Jan 2021 07:00
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 £85,000) 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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