Business
Hot Rocks Investments plc: Company Update
Hot Rocks Investments plc: Company Update.
About this update from Hot Rocks Investments Plc
[{"type":"text","content":"\n \n \n \n\n\t\n\n\n\n\n\n\n\n\n\n\n\nHot Rocks Investments plc (HRIP)\n\n\n\n\n\n\nHot Rocks Investments plc: Company Update 26-Jun-2024 / 07:00 GMT/BST\n\n26 June 2024\n\nHOT ROCKS INVESTMENTS PLC\n\n(the \"Company\")\n\nCompany Update\n\nThe Directors of the Company are pleased to announce that the Company has received the cash sum of £235,125 following the result of the tender offer at 5.39p per share in respect of approximately 94% of the shares held in Phoenix Digital Assets plc by the Company.\n\nThe Directors are also pleased to announce that they have agreed on behalf of the Company to dispose of the Company’s shareholding of 250,000 shares in Impact Oil & Gas Limited (“Impact”) at 56.9p per share for the sum of £142,250, a 5.6X return on the Company’s investment. The sale is subject to completion of a farmout by Impact. It is anticipated that completion will occur before 30 September 2024.\n\nFollowing the above disposals the company will hold equity and / or warrant positions in the following entities:\n\n \n\nD3 Energy\n\nElectrum Discovery Corp\nElephant Oil Corp\n\nMafula Energy Limited\n\nMinergy Limited\n\nMosi Copper Limited\n\nNew Horizon Oil & Gas Limited\n\nOrcadian Energy Plc\n\nPhoenix Digital Assets plc\n\nPilar Gold Inc\n\nRift Resources Limited\n\nRoyal Road Minerals Limited\n\nSupernova Digital Assets plc\n\nTrigon Metals Inc\n\nTucano Gold Inc\n\nUnicorn Mineral Resources plc\n\n \n\nThe Directors continue to look at opportunities to add value for shareholders and are currently reviewing potential investments in a range of companies from African copper and gold explorers, onshore oil explorers, to digital payments entities.\n\nFor further details please contact:\n\nHot Rocks Investments plc\n\nGavin Burnell Tel: 0207 2644 546\n\n \n\nOptiva Securities Limited\n\nDaniel Ingram Tel: 0203 981 4178\n\n \n\n\n\n\n\n\n\n\n\nDissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group.\n\n\n\nThe issuer is solely responsible for the content of this announcement.\n\n\t\nISIN:\n\tGB00B1WV3198\nCategory Code:\n\tTST\nTIDM:\n\tHRIP\nLEI Code:\n\t213800JNSRPMZVREEO51\nSequence No.:\n\t330179\nEQS News ID:\n\t1933031\n\n \nEnd of Announcement\n\tEQS News Service\n\n\n\n\n\n\n\n\n...