Red Rock Resources plc has issued 15,055,706 new ordinary shares of £0.0001 in settlement of a £25,000 debt owed to Riverfort Global Opportunities PCC Ltd. The shares were issued each at a price of 0.1661 pence. Following admission, the company’s total issued share capital will consist of 1,563,333,034 ordinary shares, each with one voting right. […]
Tag: Red Rock Resources plc
Red Rock raises £223,000 via placing
Red Rock Resources plc raised £223,000 before expenses by placing 123,888,888 new ordinary shares of £0.0001 each in the company at a price of 0.18 pence per share. The company will also grant 123,888,888 warrants, exercisable into shares at a price of 0.35 pence per share for 18 months. Red Rock will additionally grant 12,388,888 broker […]
Red Rock nears trial lithium mining at Tin Hill
Red Rock Resources plc could start trial mining in the coming months at its Tin Hill lithium project in southeast Zimbabwe. SCHEDULE The company’s environmental management plan (EMP) and site of works plan for Tin Hill was approved by the Environmental Management Agency in January 2023. In February, Red Rock’s plans were delayed for two […]
‘Modest’ results for Red Rock from drilling at Bilbale
Red Rock Resources plc reported low-key results from the second batch of samples from its recently completed 2022 reverse circulation (RC) exploration drilling at the Bilbale gold project, southwest Burkina Faso. BILBALE The company’s subsidiary, Faso Greenstone Resources Sarl (FGR) owns two prospective project areas of Bilbale and Boulon in the Boromo and Banfora greenstone […]
Red Rock to raise up to $1.5m from single investor
Red Rock Resources plc has signed a funding agreement with institutional investor Diversified Metals Holdings LLC to fund exploration and working capital. SUBSCRIPTIONS Diversified Metals will subscribe for new ordinary shares of £0.0001 to raise an initial US$500,000. Following this, the US-based investor may subscribe for further shares for $1,000,000, within the next 18 months. […]
Red Rock raises £160,000 via discounted placing with single investor
Red Rock Resources plc received £160,000 through a placing of 40,000,000 new ordinary shares of £0.0001 each in the company with a high net worth investor at 0.4 pence per share. JOINT BROKER Monecor (London) Ltd, trading as OvalX, raised for the money which Red Rock will use for general working capital. In conjunction with the […]