Red Rock Resources plc has signed a binding conditional sale for its subsidiary, LacGold Resources SARLU, which owns gold exploration licences and applications in Ivory Coast. FLEXIBILITY The company will in exchange receive 13,250,000 shares, with a current value of AUD 715,500 (£350,000) or AUD 0.054 per share, in Australian purchaser Dalaroo Metals Ltd. Dalaroo […]
Tag: assets sale
Red Rock issues 700m shares
Red Rock Resources plc in is talks to sell some of its assets as it issued, in aggregate, 714,055,114 new shares to settle accrued interest, fees, a subscription and a debt. BUYERS A total 54,911,214 shares issued each at 0.041p are for accrued interest on a four-month extension from 18 November 2024 to the term of […]
Beacon becomes cash shell after assets sale
Beacon Energy plc today became an AIM Rule 15 cash shell after creditors sold certain assets belonging to its German subsidiary to a third party, signalling the start of its liquidation. TRADING Rhein Petroleum GmbH had debts of €7.5 million following a poor show at the Erfelden field in Hessen and lack of “very significant […]