Share Talk Interviews Peter Ruse, Director, Gunsynd PLC (GUN.L) Podcast
August 26, 2020
Gunsynd Plc (AIM: GUN, AQSE: GUN) is pleased to announce an update on its investment in Rincon Resources Pty Ltd ("Rincon"), an Australian gold and base metals exploration company. Gunsynd had previously announced in June 2020 that it had invested AUD$250,000 (approximately GBP138,000) in Rincon representing approximately 28% of the issued share capital of Rincon at the time.
The board of Rincon has now provided an update to its shareholders relating to operations across its three project areas in Western Australia, and a corporate update detailing its plans to list on the Australian Securities Exchange (ASX).
Peter Ruse, Gunsynd PLC Director, commented: "Gunsynd is excited to update shareholders on its investment in Rincon. We are delighted with Rincon's decision to engage PAC Partners Securities Pty Ltd and Ironside Capital Limited Pty to lead the proposed IPO on ASX. We look forward to supporting Rincon, where possible, in the future as it continues its progress to delineate fieldwork programs at South Telfer, Laverton and Kiwirrkurra."