Richmond Hill Resources (SHNJ), currently listed on Aquis, is raising £1.4 million in conjunction with a proposed Aim listing, expected on 15 October.
It is expected that additional funds will be raised via an associated retail offer.
As 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.
Following admission, Richmond Hill will be an exploration company holding 145 map designated mineral exploration titles covering a total surface area of approximately 87 square kilometres in the Centre-du-Quebec region in Canada, a region that is known to host copper mineralisation.
Richmond Hill intends to use the proceeds for preparatory work, digitisation of historical maps, reprocessing of historical geochemical data, and for a LiDAR survey. Following on from these activities the company will also acquire geological data in the summer of 2026, undertake geological mapping, with an emphasis on structural geology and stratigraphy, and then, moving into autumn 2026, look to identify drill targets, in particular by undertaking an induced polarisation survey.
It’s also proposed that David Tink be appointed non-executive chairman of Richmond Hill. Tink has almost twenty years of experience advising boards of natural resources issuers in London and Sydney, including gold, base metal and battery metal companies.
Richmond Hill has also entered into a disposal agreement with Intergen, pursuant to which it is proposed that it sells its entire interests in Shinju Whiskey and Shinju Spirits. The consideration for the disposal will be £10,000.
View from Vox
It’s good to see Richmond Hill finally getting onto the launch pad, with significant funding to move forward with its Canadian assets. Gunsynd, too, can look forward to a significant value uplift in its holding, against the broader backdrop of a strengthening commodities market.