Red Rock Resources plc said it remained on course with its arbitration proceedings in the Democratic Republic of Congo, despite conflict and demonstrations. PARTNERS Chairman Andrew Bell added: “Inevitably the invasion in the east of the country has been a distraction and caused delay, including days when offices were shut and flights cancelled. “By maintaining […]
Tag: Red Rock Resources plc
Red Rock issues 53.6m shares for cash advances
Red Rock Resources plc has issued in aggregate 53,571,428 shares and an equal number of accompanying warrants to convert cash advances. A total 28,571,428 new ordinary shares of 0.01 pence each at a subscription price of 0.035 pence per share, with 28,571,428 warrants, are to convert a £10,000 advance from an existing shareholder. The warrants are […]
Red Rock issues 700m shares
Red Rock Resources plc in is talks to sell some of its assets as it issued, in aggregate, 714,055,114 new shares to settle accrued interest, fees, a subscription and a debt. BUYERS A total 54,911,214 shares issued each at 0.041p are for accrued interest on a four-month extension from 18 November 2024 to the term of […]
Red Rock talks on DRC award affected by unrest
Red Rock Resources plc said it remained confident of reaching a settlement on its arbitration award in the Democratic Republic of Congo despite unrest in the country. PRIORITY The company was due to meet its local partner this week to try to reach an agreement. However “military developments” in the east of the country and […]
Red Rock nears conclusion of DRC arbitration
Red Rock Resources plc said it will submit further documents in its arbitration case against its local partner in the Democratic Republic of Congo. PROGRESS The dispute relates to the sale of certain copper-cobalt assets in Katanga by VUP (Vumilia Pendeza SA) without Red Rock’s permission. Red Rock holds 50.1% of the joint venture which […]
Red Rock to conclude DRC arbitration award
Red Rock Resources plc expects to conclude and have payments arranged next week at a working meeting of parties involved in the arbitration award in the Democratic Republic of Congo. The company said it met various parties in Kinshasa over the Christmas and New Year period to discuss the award. The working meeting will be on […]