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: Red Rock Resources plc
Red Rock receives El Limon proceeds
Red Rock Resources plc said it had received the proceeds from selling its gold royalty over the El Limon mine and mill in Colombia. GOLD The company will use the money to pay Power Metal Resources plc for its 49% share of their Australia gold joint venture. Red Rock also hopes to sell its Ivory […]
Red Rock progresses West Africa assets
Red Rock Resources plc plans fieldwork on its gold licences in Burkina Faso and has received interest from prospective purchasers in its Ivory Coast assets. APPROACHES In Burkina Faso the company owns the Bilbale and Boulon licences covering 348km2 of “highly prospective” gold ground. Red Rock has engaged Le Bureau des Mines et de la […]
Red Rock faces administration over debt
Red Rock Resources plc said it might have to file for administration if it fails to find sufficient funds to clear its debts. CREDITORS Of the total, the company owes £654,000 to Power Metal Resources plc in respect of their joint venture New Ballarat Gold Corporation plc in Australia. Rescheduled payments include two of £200,000 […]
Red Rock issues 100m shares for fees
Red Rock Resources plc has issued for cash 100 million new ordinary shares of 0.01 pence each in the company at a subscription price of 0.03 pence per share to settle professional fees. TVRs Following admission, the company’s issued ordinary share capital will comprise 7,254,032,374 ordinary shares. All of the ordinary shares have equal voting […]
Red Rock issues 57m shares for cash advances
Red Rock Resources plc has issued 57,142,856 new ordinary shares of 0.01 pence each in the company at a subscription price of 0.035 pence per share, with 57,142,856 attached warrants, to convert cash advances. TVRs A total of 14,285,714 warrants expire will expire on 9 March 2028 and 42,857,142 warrants on 18 May 2028, exercisable at a […]