Gunsynd PLC on Friday announced new investment into its partially owned subsidiary.
The London-based investment firm owns a 17% stake of UK beverage company Rogue Baron PLC.
Rogue’s wholly owned US subsidiary, Shinju Spirits Inc, has received an investment of $1.0 million from a US institutional investor.
The investment comprised of $750,000 in cash, and $250,000 worth of business enhancement services provided by the investor to support the sales growth of the company’s signature brand, Shinju Japanese Whisky.
In return for the investment the investor will receive $750,000 worth of preferred shares and $250,000 in warrant to purchase common stock in Shinju Spirits.
Shares in Gunsynd were up 2.5% to 0.15 pence in London on Friday afternoon.
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