Finance Metals & Minerals News

Red Rock receives £1m via placing

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Red Rock Resources plc has raised £1 million by way of placing 95,238,095 new ordinary shares of 0.01 pence each in the company at a price of 1.05p per share.

The company plans to issue non-transferable warrants, with a life of two years and an exercise price of 2 pence, to subscribers to the placing on the basis of one warrant for each two placing shares.

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