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Red Rock Resources ( (GB:RRR) ) has shared an announcement.
Red Rock Resources Plc has announced an extension to its 12% Convertible Notes, issuance of new shares, and provided an update on its activities in the Democratic Republic of Congo (DRC). The company is working through arbitration processes in the DRC, affected by regional military developments, and remains optimistic about a positive outcome. Financial constraints are being managed carefully, with discussions ongoing with potential asset buyers. The extension of convertible notes includes an agreement to issue new shares and adjust conversion prices, with a significant number of shares set to be admitted for trading on AIM.
More about Red Rock Resources
Red Rock Resources Plc is a natural resource development company with interests in gold and base metals, primarily operating in Africa and Australia.
YTD Price Performance: 12.50%
Average Trading Volume: 72,032,625
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.56M
For an in-depth examination of RRR stock, go to TipRanks’ Stock Analysis page.
