Red Rock Resources (GB:RRR) has released an update.
Red Rock Resources, a natural resource company focused on various minerals and hydrocarbons, has just issued over 405 million new shares at a price of 0.045 pence each to convert £182,328.79 of debt into equity. The significant debt-to-equity conversion comes from a shareholder committed to holding these shares long-term and supporting the company’s future endeavors. These new shares are expected to start trading on the AIM market around July 10, 2024, increasing the total number of voting rights in the company to approximately 4.79 billion.
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