WRAP Retail Offer by Richmond Hill Resources plc
Gunsynd PLC has announced that Richmond Hill Resources plc is launching a retail offer via the Winterflood Retail Access Platform (WRAP) to raise up to £250,000 through the issue of new ordinary shares at a price of 1 pence per share, totaling up to 250,000,000 new ordinary shares. This WRAP Retail Offer complements a previously announced placing of £1,400,000 (before expenses) in conjunction with Richmond Hill's AIM admission. Gunsynd held loans outstanding of £144,259 as of June 30, 2025, and possesses 3,590,594 ordinary shares, representing approximately 3.43% of Richmond Hill's issued share capital. Dealings are expected to commence on October 15, 2025.
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Gunsynd (AIM: GUN) notes the announcement by Richmond Hill Resources plc ("Richmond Hill") of a retail offer via the Winterflood Retail Access Platform ("WRAP") in conjunction with its AIM IPO, to raise up to £250,000 (the "WRAP Retail Offer") through the issue of new ordinary shares of £0.001 each in the capital of the Company ("Ordinary Shares"). Under the WRAP Retail Offer up to 250,000,000 new Ordinary Shares ("WRAP Retail Offer Shares") will be made available at a price of 1 pence per share.
Under the WRAP Retail Offer, WRAP Retail Offer Shares will be made available at a price of £0.01 per share ("Placing Price"). In addition to the WRAP Retail Offer and as announced on 29 September 2025, Richmond Hill has, subject to Admission (as defined below), completed a placing of £1,400,000 (before expenses) (the "Placing") in conjunction with the Company's Admission to trading on AIM ("Admission").
Following the publication of Richmond Hill's AIM Admission Document and notice of general meeting on 13 October 2025, it is anticipated that Admission will become effective and that dealings in the Ordinary Shares pursuant to Richmond Hill's admission to trading on AIM will commence at 8:00 a.m. on 15 October 2025. Further information on Richmond Hill and its business is set out in the Admission Document. Copies of the Admission Document are available online at www.richmondhillresources.com.
At 30 June 2025, Gunsynd had loans outstanding (including interest) of £144,259 and holds 3,590,594 ordinary shares representing approximately 3.43% of the issued share capital of Richmond Hill.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.