Proposed code: GYN
Issue price: $0.20
Principal activities: Base metals explorer.
Corporate: Ron Thom (managing director); Clive Jones (non-executive director); Nathan MacMahon (non-executive director).
(08) 9389 8033
http://www.graynicmetals.com.au
Graynic hopes to raise $1.25 million.
The offer is not underwritten.