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Red Rock Resources PLC - Resources development company focused on gold, base metals, battery metals, and hydrocarbons projects in Africa and Australia - Raises £200,000 through placing of 597.0 million shares at 0.0335 pence each. Red Rock says the proceeds will go towards the commencement of gold operations in West Africa, as well as year-end accounting costs and other operational costs. ‘This is a high-cost time of year, with management extremely busy as we focus on accounting and audit across our asset portfolio. We are grateful for the support by placees which we believe enables us to reach some key announcement milestones,’ says Chief Executive Officer Andrew Bell. Current stock price: 0.037 pence, down 9.0% in London on Wednesday morning 12-month change: down 73% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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