The latest announcement is out from Red Rock Resources ( (GB:RRR) ).
Red Rock Resources Plc has announced the issuance of 71,428,571 new ordinary shares and an equal number of warrants as part of a subscription agreement with an existing shareholder. This move, which involves a cash advance of £25,000, will see the shares admitted to trading on AIM, increasing the company’s total voting rights to 6,523,423,952. The issuance aims to bolster the company’s financial position and potentially enhance its market operations, reflecting its strategic focus on expanding its resource exploration and development activities.
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, primarily operating in Africa and Australia.
Average Trading Volume: 79,058,618
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £2.42M
See more insights into RRR stock on TipRanks’ Stock Analysis page.