Gunsynd Plc transitions to operating company, focusing on Canadian gold assets
1 report, 1 independent
Updated Mon 00:00
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What happened
Gunsynd Plc published a circular to shareholders proposing a transition from an AIM investing company to an operating company. The company plans to cease its existing investing policy and dispose of substantially all of its other investments. The company's business will primarily consist of the wholly owned Barb Gold Project in Manitoba, along with a 10 per cent interest in the Eagle Lake Gold Project in Ontario.
From investegate.co.uk
Why it matters
The corporate restructuring shifts Gunsynd Plc from an investment holding model to an operational model. This concentrates the company's future activities on its natural resources assets, specifically the Barb Gold Project in Manitoba.
From investegate.co.uk