Red Rock Resources plc has issued 71,428,571 new ordinary shares of 0.01 pence each at a subscription of 0.035 pence per share to convert a £25,000 advance from an existing shareholder.
TVRs
The issued shares have accompanying 71,428,571 warrants, exercisable at 0.045 pence per share at any time before 24 February 2028.
Following admission, Red Rock’s issued share capital will comprise 6,523,423,952 ordinary shares, each with equal voting rights and none of which is held in treasury.
The company, with gold, lithium, oil and gas interests in Africa and Australia, is currently settling an arbitration award over its copper-cobalt assets in the Democratic Republic of Congo.