Investee Company Update – Richmond Hill Resources
Gunsynd PLC announces an update regarding its investee company, Richmond Hill Resources plc, stating it has converted its outstanding loan notes into equity as part of Richmond Hill Resources' AIM admission process. As of June 30, 2025, the total outstanding balance converted was £144,259, which included £32,795 from an 8% Loan Note and £111,464 in Convertible Loan Note Interest. Following the conversion, Gunsynd now holds 18,016,501 ordinary shares in Richmond Hill Resources. These shares are subject to a twelve-month lock-in period followed by a six-month orderly market provision.
Select text to share a quote on X · sign in to keep highlights & notes in your GUN notes
Gunsynd (AIM: GUN) announces that as part of the admission process of Richmond Hill Resources plc ("Richmond Hill Resources") to trading on AIM, the Company has converted its outstanding loan notes into equity.
As at 30 June 2025, the total outstanding balance was £144,259, comprising:
- 8% Loan Note: £32,795
- Convertible Loan Note Interest: £111,464
Following this conversion, Gunsynd now holds 18,016,501 ordinary shares in Richmond Hill Resources. These shares are subject to a twelve-month lock-in period and a six-month orderly market provision thereafter.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.