29th Aug 2014 17:30
LONDON (Alliance News) - Red Rock Resources PLC said it has raised GBP200,000 by way of a placing of 100.0 million new shares at a price of GBP0.002 per share, which will be applied to activities in Kenya and for working capital purposes.
It said 37.5 million of the shares will be taken up by Regency Mines in settlement of shared costs and obligations. Following the issuance Regency Mines will hold 227.1 million shares representing 10.7% of the company's total voting rights.
The stock closed down 3.6% at 0.236 pence Friday.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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