The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRed Rock Resources Share News (RRR)

Share Price Information for Red Rock Resources (RRR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.0525
Bid: 0.05
Ask: 0.055
Change: 0.00 (0.00%)
Spread: 0.005 (10.00%)
Open: 0.0525
High: 0.0525
Low: 0.0525
Prev. Close: 0.0525
RRR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Metal Tiger increases shareholding in Red Rock Resources

Wed, 24th Aug 2016 12:08

(ShareCast News) - Mineral project investor Metal Tiger has increased its shareholding in gold and iron ore explorer Red Rock Resources in a bid to capitalise on the recovering resource sector. Metal Tiger agreed to pay £100,000 to subscribe for 25m of the total 75m new ordinary shares issued by AIM peer Red Rock at 0.4p per new ordinary share, with each share carrying an additional warrant at 0.8p and with a 24-month longevity from admission of Red Rock's placing shares on 30 August.Metal Tiger, which will nominate a non-executive director to the board of Red Rock, previously invested in Red Rock in April and has now increased its stake in the company to 16.81% from 13.65% and will also hold about 29.7m warrants exercisable at 0.84p and 25m warrants exercisable at 0.8p.In the year ended June 2015, Red Rock made a loss of about £8.4m and had net assets of about £7.5m.Metal Tiger chief executive Paul Johnson, said: "We recognise the importance of stability and security that Red Rock has generated through income from oil sales, sale proceeds from Colombia and also through Red Rock's investments notably in Jupiter Mines and Goldstone Resources."That said, we also recognise that in a recovering resource market environment the best returns for shareholders can often lie in the reigniting of investment in hard rock mineral deposit opportunities, notably within precious and strategic metals. We are pleased that the Red Rock management team shares our thoughts in this regard and will seek to drive the strategic direction of the company to open up to the development of hard rock opportunities."Red Rock has demonstrated an ability to deliver substantial returns from low sector sentiment conditions and we believe is worthy of further investment in readiness for the next recovery phase."Shares in Metal Tiger were down 4.31% to 3.85p at 1224 BST and shares in Red Rock Resources were up 3.53% to 0.440p at 1058 BST.
More News
16 Feb 2023 16:16

Red Rock Resources identifies visible gold in all inaugral drillholes

(Alliance News) - Red Rock Resources PLC on Thursday said three holes have been completed in its inaugural drilling programme at the Berringa gold mine in its Victoria Goldfields joint venture in Australia.

Read more
3 Feb 2023 15:39

UK shareholder meetings calendar - next 7 days

Monday 6 February 
BH Macro LtdEGM re issuing 220m new shares
JPMorgan China Growth & Income PLCAGM
Smithson Investment Trust PLCGM re approval to reduce the Company's share premium account
Tuesday 7 February 
Blackrock Frontiers Investment Trust PLCAGM
Numis Corp PLCAGM
Ten Lifestyle Group PLCAGM
Unicorn AIM VCT PLCAGM
Wednesday 8 February 
AJ Bell PLCAGM
British Honey Co PLCAGM
Future PLCAGM
Grainger PLCAGM
Keystone Positive Change Investment Trust PLCAGM
Mitchells & Butlers PLCAGM
Thursday 9 February 
Compass Group PLCAGM
Ethernity Networks LtdEGM re capital raise
Oxford Metrics PLCAGM
Triple Point VCT 2011 PLCGM re cancellation and extinguishment of shares
Tritax EuroBox PLCAGM
Zytronic PLCAGM
Friday 10 February 
Red Rock Resources PLCAGM
Victrex PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
6 Jan 2023 14:54

Red Rock reports latest results from Burkina Faso drilling

(Sharecast News) - Africa and Australia-focussed natural resources developer Red Rock Resources announced the results of second batch of 380 samples from its recently-completed 2022 reverse circulation drilling programme at Bilbale in Burkina Faso on Friday, conducted by its wholly-owned subsidiary Faso Greenstone Resources (FGR).

Read more
6 Jan 2023 09:38

Red Rock Resources finds gold at Bilbale project, Burkina Faso

(Alliance News) - Red Rock Resources PLC on Friday said it found gold at its Bilbale project in Burkina Faso.

Read more
29 Dec 2022 14:24

Red Rock shares jump despite loss widening on administrative costs

(Alliance News) - Red Rock Resources PLC on Thursday said its loss widened in its recent financial year, following a rise in administrative costs.

Read more
19 Dec 2022 18:20

TRADING UPDATES: Gulf Keystone chair to retire; JZ Capital cashes in

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
15 Dec 2022 21:39

TRADING UPDATES: Serinus completes rig-up; Xtract concludes JV deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
13 Dec 2022 20:38

TRADING UPDATES: Savannah Energy ends deal; Plaza signs addendum

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
1 Dec 2022 15:45

UK shareholder meetings calendar - next 7 days

Friday 2 December 
De La Rue PLCGM re company chairman resignation
Global Petroleum LtdAGM
Highbridge Tactical Credit Fund LtdAGM
Orosur Mining IncAGM
Revolution Bars Group PLCAGM
Ruffer Investment Co LtdAGM
Schroder BSC Social Impact Trust PLCAGM
SLF Realisation Fund LtdAGM
Monday 5 December 
Amur Minerals CorpAGM
JPMorgan UK Smaller Cos Investment Trust PLCAGM
Lift Global Ventures PLCAGM
Schroder Japan Growth Fund PLCAGM
Scottish Oriental Smaller Companies Trust PLCAGM
VinaCapital Vietnam Opportunity Fund LtdAGM
Tuesday 6 December 
accesso Technology Group PLCAGM
Gattaca PLCAGM
Greatland Gold PLCAGM
International Biotechnology Trust PLCAGM
MyHealthChecked PLCGM re proposed capital reduction
Target Healthcare REIT PLCAGM
Wednesday 7 December 
Alternative Liquidity Fund LtdAGM
Agriterra LtdAGM
Alphawave IP Group PLCGM re share number amendment
Cornerstone FS PLCGM re approval of new shares
Europa Oil & Gas Holdings PLCAGM
Volta Finance LtdAGM
Thursday 8 December 
Bioventix PLCAGM
Falanx Group LtdAGM
Netcall PLCAGM
Red Rock Resources PLCGM re signing of the arbitral award 
Upland Resources LtdAGM
Westmount Energy LtdAGM
YouGov PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
21 Sep 2022 20:02

TRADING UPDATES: AB Dynamics revenue up; SDI Group trades in line

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
5 Sep 2022 18:25

TRADING UPDATES: Bradda wins drilling approval; Oakley invests in vLex

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
19 Aug 2022 11:37

IN BRIEF: Red Rock Resources issues GBP50,000 of convertible notes

Red Rock Resources PLC - London-based natural resource development company with interests in Africa and Australia - Issues GBP50,000 worth of convertible notes with accompanying warrants to "high net worth investors". Says that a single investor subscribed to the notes. The notes are convertible into ordinary shares at a price of 0.6 pence each and the interest rate on them is 12% per year.

Read more
8 Aug 2022 15:50

UK shareholder meetings calendar - next 7 days

Tuesday 9 August 
APQ Global LtdAGM
Goodbody Health IncAGM
Goodbody Health IncGM re delisting from Canadian Securities Exchange
Wednesday 10 August 
AssetCo PLCGM re share split
Ariana Resources PLCAGM
Cadence Minerals PLCAGM
CML Microsystems PLCAGM
Foresight Group Holdings LtdAGM
Mountview Estates PLCAGM
Unbound Group PLCGM re open offer
Thursday 11 August 
Inspecs Group PLCAGM
Marks Electrical Group PLCAGM
Silver Bullet Data Services Group PLCAGM
Friday 12 August 
iEnergizer LtdAGM
Ironveld PLCGM re proposals to remove directors
Old Mutual LtdGM
Pineapple Power CorpAGM
Monday 15 August 
Ascent Resources PLCGM re annual report
Corcel PLCAGM
Coro Energy PLCGM re annual report
Forward Partners Group PLCAGM
Ince Group PLCGM re fundraise
Red Rock Resources PlcGM convertible loans
Schroders PLCGM re dual class share structure
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
5 Aug 2022 15:29

IN BRIEF: Red Rock to add lithium to portfolio; awaits arbitration

Red Rock Resources PLC - London-based natural resource development company with interests in Africa and Australia - Following review of current projects, the company says the arbitration process in the Democratic Republic of Congo is ongoing, with the outcome unknown.

Read more
1 Aug 2022 15:42

IN BRIEF: Power Metal and Red Rock assess historical Ajax mines

Power Metal Resources PLC - London-based metals exploration company focused in North America, Africa and Australia - and Red Rock Resources PLC - London-based natural resource development company with interests in Africa and Australia - Joint venture New Ballarat Gold Corp completes assessment of licence in Victoria Goldfields containing the historic Ajax mines, which confirms initial historical target of 254,318 tonnes to 1.42 million tonnes at a grade range of 6.4 grams per tonne to 18.7 g/t.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.