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Red Rock Resources PLC - London-based natural resource development company with assets in Australia and Africa - Raises £535,840 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 £107,168 of shares. Current stock price: 0.14 pence, down 21% 12-month change: down 68% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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