Red Rock Resources plc issued 211,482,353 ordinary shares following notice to convert £134,820 of loan notes, including interest, from October 2023. In accordance with the terms of the notes, the ordinary shares are of £0.0006375 per share. Following admission, the company’s issued ordinary share capital will comprise 3,548,246,811 ordinary shares each with equal voting rights. […]
Tag: finance & funding
Helium One raises £4.7m via discounted placing
Helium One Global Ltd has raised £4.7 million before expenses through a company-led placing of 313,333,333 new ordinary shares at a price of 1.5p per share. The placing price represents a discount of approximately 30% to the closing share price of 2.16p on 6 February 2024. Following admission, Helium One’s issued and fully paid share […]
Power Metal raises £1.3m from high net worth investors
Power Metal Resources plc has raised £1.3 million by issuing 130m ordinary shares each of 0.1 pence to UK-based high net worth investors and its first strategic Saudi Arabian investor. The ordinary shares had an issue price of 1.0 pence per ordinary share, representing a premium of approximately 3.09% to the closing mid-market price of 0.97 pence per ordinary share […]
Tungsten West raises £1.8m and mulls selling some assets
Tungsten West plc raised £1.8 million from the £6.95m convertible loan notes earlier this year for the Hemerdon mine in Devon as it considers selling some of its assets. PROGRESS The proceeds of tranche C will support progress of the permitting process, updating the feasibility study and associated financing. The company also expects to need […]
Red Rock raises £500,000 via placing
Red Rock Resources plc has raised £500,000 by placing 666,666,667 new ordinary shares each at 0.075 pence. DRC ARBITRATION Proceeds will be used for the company’s lithium production and export operations in Zimbabwe, gold studies and development in Burkina Faso, accounting and audit costs, and working capital. Following the issue of the placing shares, Red […]
Red Rock receives £110,000 from high net worth investor
Red Rock Resources plc received £110,000 via a subscription of 100,000,000 ordinary shares at £0.0011 per share by a high net worth investor. COSTS The company said that the investor had provided personnel to help bring its lithium assets in Zimbabwe and gold assets in Burkina Faso into production and establish an export pipeline for […]