Red Rock Resources plc issued 44,444,444 new ordinary shares at a subscription price of 0.045 pence per share to convert an advance of £20,000 by an existing shareholder. Following the shares issue the company’s issued ordinary share capital will comprise 4,830,265,010 ordinary shares, each with voting rights. None of the shares is held in treasury.
Tag: Red Rock Resources plc
Red Rock defers payment for Australia assets
Red Rock Resources plc has secured more time to pay £250,000 to take control of all its Australia gold assets. EXPLORATION The parties agreed a new date of 13 September following delays to the company’s Congolese arbitration award and employee sickness in Burkina Faso. Red Rock said it had been in Kinshasa over recent weeks […]
Red Rock issues 405m shares to convert debt
Red Rock Resources plc has issued 405,175,088 new ordinary shares at a subscription price of 0.045 pence per share to convert £182,328.79 debt. Following admission, the company’s issued ordinary share capital will comprise 4,785,820,566 ordinary shares, with voting rights. Red Rock holds none of the ordinary shares in treasury.
Red Rock issues 75m shares for service debt
Red Rock Resources plc has issued 75 million new ordinary shares at a subscription price of 0.045 pence per share to convert £33,750 debt owed to a service provider. On admission, the company’s issued ordinary share capital will comprise 4,380,645,478 ordinary shares, with voting rights. Red Rock holds none of the ordinary shares in treasury.
Red Rock takes 100% of Australia gold JV
Red Rock Resources plc now owns 100% of its Australian gold joint venture after completing the purchase of its partner’s share. The company bought Power Metal Resources plc’s 49.9% interest in subsidiary New Ballarat Gold Corporation plc, which wholly owns local operator Red Rock Australasia Pty Ltd. The transaction covers exploration licences in the Victoria […]
Red Rock opts for lower cost sea freight
Red Rock Resources plc said a rise in air freight rates had led it to transport testing and production equipment by sea to its Bilbale and Boulon gold projects in Burkina Faso. LOGISTICS Containers have been loaded ahead of ships setting sail, although maritime rates have also increased. Initial earth moving and trucking equipment, generators […]