Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
AIM-listed Gunsynd (LON: GUN) said on Friday that Rogue Barron, a company it is invested in, is expected to begin trading on the Access segment AQSE Growth Market today, under the ticker symbol SHNJ.
Rogue Barron is a spirits company whose flagship drink is Shinju Whisky, currently being sold in numerous states in the USA.
Following the conversion of all of the principal of its loan notes and grant to it of fee shares, Gunsynd will hold 24.5 million ordinary shares in Rogue Baron, representing 28.48% of its issued share capital.
The shares are subject to a lock-in period, while Gunsynd will also retain a balance of £111,464 of Convertible Loan Notes consisting of accrued interest.
“This listing of Rogue Baron follows those of our other investee companies Empress Royalty, Angold Resources and Rincon Resources in a short but rather productive period of time,” said Gunsynd's executive chairman, Hamish Harris.
The company also said that another firm it has invested in, Low6, a B2B pool betting platform, is making its preparations to list in Q2 2021.
Gunsynd shares are down over 2% on Friday, trading at 1.76p.
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