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Red Rock Resources ( (GB:RRR) ) has shared an update.
Red Rock Resources Plc has announced the issuance of 53,571,428 new ordinary shares, accompanied by warrants, to raise funds through a cash subscription. This move is part of the company’s strategy to convert advances from existing shareholders, totaling £20,000. The shares are expected to be admitted to trading on AIM by February 5, 2025. This capital raise could strengthen Red Rock’s financial position, potentially enhancing its market presence and operational capabilities in the resource exploration sector.
More about Red Rock Resources
Red Rock Resources Plc is a natural resource exploration and development company with interests in gold, base metals, battery metals, and hydrocarbons, mainly operating in Africa and Australia.
YTD Price Performance: 12.50%
Average Trading Volume: 74,263,950
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £2.56M
For a thorough assessment of RRR stock, go to TipRanks’ Stock Analysis page.
