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Red Rock Resources Converts Debt into Equity

Red Rock Resources Converts Debt into Equity

Red Rock Resources (GB:RRR) has released an update.

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Red Rock Resources Plc, engaged in resource exploration and development in Africa and Australia, has announced the issuance of 75 million new Ordinary Shares at a price of 0.045 pence each to convert £33,750 of debt. These shares are expected to be admitted to trading on the AIM market around 10 July 2024. Post-issuance, the company will have an issued share capital of 4,380,645,478 shares, all with equal voting rights.

For further insights into GB:RRR stock, check out TipRanks’ Stock Analysis page.

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