Red Rock Resources plc has raised £7,352.94 following notices to exercise warrants over 980,392 new ordinary shares of 0.01 pence each in the company. The warrant shares are being issued pursuant to the exercise of 980,392 warrants into shares at an exercise price of 0.75 pence per share.
Tag: Red Rock Resources plc
Red Rock maintains goal for mid-tier status
Red Rock Resources plc last year recorded modest improvements across its group’s interests in manganese, gold, copper and cobalt. FINANCES In its unaudited results for the six months to 31 December 2020, the company’s total equity increased by 20.4% to £16.659 million, following a 53.7% increase over the previous six months. Current and non-current assets together increased […]
Red Rock-Power Metal increase Victoria licences
Red Rock Australasia Pty Ltd (RRAL) joint venture has been granted two further licences in the Victoria gold fields of Australia. BALLARAT The new five-year licences comprise Blue Stocking (EL007327) 60km2 licence to the south west of Ballarat; and Sardinia (EL007385) 4km2 licence to the north of Daylesford. Partners Power Metal Resources plc (49.9%) and […]
Red Rock-Power Metal to apply for Canada IPO and new gold licence
Red Rock Resources plc and Power Metal Resources plc have appointed legal counsel to begin the IPO process in Canada for the joint venture partners’ gold interests in Australia. LICENCES Red Rock Resources Australasia plc (RRAL), split 50.1%-49.9%, has also submitted an application for another licence in the Ballarat region in the Victoria gold fields. […]
Red Rock new MRE shows higher gold grade at Mikei
Red Rock Resources plc announced a higher gold grade while ounces decreased in a new mineral resource estimate (MRE) at the Mikei gold project in Migori, Kenya. The company also now its first 14, mainly shallow, new drill hole locations which will be tested while it plans further programmes for infill and step-out drilling and […]
Red Rock receives £1m via placing
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 […]