Red Rock Resources sells down its Goldstone holding
Red Rock Resources announced a partial sell-down of its holding in Goldstone Resources on Tuesday, less than six months after it took up the shares.
FTSE AIM All-Share
742.80
17:14 24/09/24
n/a
n/a
Mining
11,645.82
17:09 24/09/24
-0.88%
-103.31
Red Rock Resources
0.04p
16:55 24/09/24
-15.00%
-0.01p
The AIM-traded firm had participated in a placing by GRL on 28 July, in which it acquired 3,857,400 shares at 2.5p apiece for a 9.65% share in the company.
It confirmed on Tuesday that it has disposed of 1,350,000 shares in GRL for net proceeds of £15,625.
“Following these disposals, Red Rock's holding in GRL consists of 8,113,986 shares or 7.93% of GRL's issued share capital,” its board said in a statement.