The sale of 32,300,000 shares in SRT nets Red Rock £272,000 and will allow the firm to fund its participation in the US-based Shoats Creek oil project, broaden its asset base and see some early cash flow.
Red Rock nets £270k with Star Striker share sale
Quick facts: Red Rock Resources PLC
Price: 0.34 GBX
Market Cap: £2.37 m
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