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IN BRIEF: Red Rock shares fall, raises GBP535,840 in share placing

11th May 2023 11:28

Red Rock Resources PLC - London-based natural resource development company with assets in Australia and Africa - Raises GBP535,840 through the placing of 376.0 million new shares at 0.1425 pence each. Says net proceeds of the placing will be used for activities in Africa and Australia, as well as for general working capital purposes.

7.5% of funds will be paid to Clear Capital Corporate Broking, which will be entitled to receive warrants exercisable for three years into GBP107,168 of shares.

Current stock price: 0.14 pence, down 21%

12-month change: down 68%

By Sabrina Penty; Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.


Related Shares:

Red Rock Resources
FTSE 100 Latest
Value8,809.74
Change53.53