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. […]
Tag: Red Rock Resources plc
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 […]
Red Rock intersects gold and mineralised zones at Bilbale
Red Rock Resources plc reported that three of four holes encountered gold and one intersected three gold mineralised zones from reverse circulation (RC) drilling at the Bilbale licence, southwest Burkina Faso. LICENCES Chairman Andrew Bell added that the mineralisation included a high grade zone near surface. The assets are held by Faso Greenstone Resources SARL […]
Red Rock issues £50,000 convertible notes
Red Rock Resources plc said it had issued £50,000 of the second tranche of convertible notes with accompanying warrants to high net worth investors. The company added that a single investor subscribed to the £50,000 notes. Red Rock will use the funds for general working capital. The notes are being issued on the same terms […]
Red Rock issues £623,000 of convertible notes
Red Rock Resources plc has issued £623,000 of convertible notes with accompanying warrants to high net worth investors. CONFIDENCE The company said that £367,000 of subscriptions for the notes were new subscriptions, and £256,000 were conversions of debt facilities. The notes were issued at par and are convertible into ordinary shares of £0.0001 in Red […]
Red Rock notes directors’ dealings
Red Rock Resources plc has issued 5,038,253 ordinary shares of £0.0001 each in the company under its share incentive plan (SIP) for the 2021/22 tax year. DIRECTORS’ PARTICIPATION The company said that this was agreed by the trustees in their meeting held on 1 April 2022 and approved by the board of directors yesterday, 5 May. Four directors […]