Red Rock Resources plc has raised £200,000 by placing 597,014,925 new ordinary shares at 0.0335 pence per share. Following admission, Red Rock’s issued ordinary share capital will comprise 5,655,797,411 ordinary shares, each with voting rights. The company holds no shares in treasury. Proceeds will be for year-end accounting costs, acquisition and transport of gold mining […]
Tag: Kenya
Red Rock aims to finalise DRC arbitration award
Red Rock Resources plc aims to finalise its $10 million arbitration award either this week or next in the Democratic Republic of Congo. PROGRESS The company said it expected an initial $2.5 million from its local partner with $7.5m pending. The figures represent 50.1% of what was received by its partner from the buyer and […]
Red Rock raises £500,000 via CLNs
Red Rock Resources plc raised £500,000 from issuing convertible loan notes, each at a price of £10,000. As of 19 October, £210,000 had been raised before expenses by subscription to 21 notes, closing the first tranche of the notes issue. The company will use net proceeds for its gold project in Kenya, lithium assets in […]
Red Rock raises £288,750 via share placing
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 […]
Red Rock progresses Kenya gold exploration
Red Rock Resources plc has progressed exploration drilling at its gold licence interests in southwest Kenya. WESTERN LICENCE The company holds a 75% direct interest in Mid Migori Mining Company Ltd which controls a 723 koz JORC gold resource within two exploration licences in the Migori greenstone belt. The asset comprises the Mikei resource with […]
Red Rock issues overview of gold interests
Red Rock Resources plc issued a summary of its gold interests in its natural resource development portfolio in Africa, Australia and South America. ASSETS The company has royalties over its gold interests as well as projects in Africa including a JORC indicated and inferred resource of 15.13 Mt @ 1.49 g/t Au with contained metal […]