Red Rock Resources plc raised £288,750 before expenses by placing 175,000,000 new ordinary shares of £0.0001 each in the company at a price of 0.165 pence per share.
On admission, the company’s issued ordinary share capital will comprise 2,480,597,791 ordinary shares, each with voting rights. No shares are held in treasury.
USES
Net proceeds will be used for Red Rock’s activities in Kenya and Zimbabwe and for general working capital, pending anticipated receipt of funds from arbitration in the Democratic Republic of Congo.