POW 49% acquisition progress3 Jun 2024 10:03
As far as we are aware'' due diligence was completed on the 19th April 2024 ? about 2 month ago, so we can expect a GM of shareholders to approve the CLN if one is required, it is said in that RNS'' if no update on BF GOLD is forthcoming in the near term, but @ 0.15p to 0.25p a share for this ACQUISTION, it would be beyond belief if we don't get a series of update highlighting BF potential and how we are getting on with first gold if SP is ever to reach the 0.15p to 0.25p before completion...
DYOR
Upon the approval by shareholders of Red Rock of the ISC, the payment by Red Rock to POW of £250,000 to be settled by the issue of 166,666,667 new Ordinary Shares of Red Rock ("Shares") at a price of 0.15 pence per Share, or cash (at Red Rock's election) and 166,666,667 warrants each exercisable into one Share at a price of 0.25p per Share and exercisable during a period expiring 3 years after the date of their issue;
''just a reminder as we start a brand new week..
Regards