viewRed Rock Resources PLC

Red Rock Resources to use UK Bond Network to raise funds


Red Rock Resources (LON:RRR) is to raise up to £500,000 via the issue of a secured bond, arranged by the UK Bond Network Limited.

The bond, which is being offered to high net worth, sophisticated, professional and institutional investors who are members of the UK Bond Network, will have a term of two years and carry a coupon of 10-14% as defined by an auction process.

The bond will be secured by way of a debenture and a cash escrow arrangement, and there may be a further return to participating investors linked to the performance and any future sale of the company's Jupiter Mines Limited shareholding.

The proceeds of the facility will be applied for working capital purposes.

Quick facts: Red Rock Resources PLC

Price: 0.34 GBX

Market: AIM
Market Cap: £2.37 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Red Rock Resources PLC named herein, including the promotion by the Company of Red Rock Resources PLC in any Content on the Site, the Company...



Red Rock Resources PLC boss hoping to be cash flow positive by year's end

Andrew Bell, chairman of Red Rock Resources PLC (LON:RRR), is hopeful that the mineral exploration and production company will be ”showing appreciable positive cash flows” by the end of 2016. Bell tells Proactive that if everything goes to plan at Shoats Creek, Red Rock will also “be...

on 1/4/16

2 min read