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IN BRIEF: Investors gain 10% stake in Red Rock Resource subsidiary

6th May 2022 14:33

Red Rock Resources PLC - natural resource development company with interests in Africa and Australia - Says an unnamed "group of high net worth investors" has acquired 10% of the company's 75% owned subsidiary African Lithium Resources Pvt Ltd for USD100,000. As a result, investors have an unspecified holding in the company's lithium interests. Consideration funds will be used in the development of African Lithium Resources' business, Red Rock explains.

Current stock price: 0.40 pence, down 5.7% in London

12-month change: down 57%

By Heather Rydings; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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Red Rock Resources
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