Business
Hot Rocks Investments plc: Investment in Suns...
Hot Rocks Investments plc has announced a strategic investment in Sunshine Gold Capital Pty Ltd, acquiring a 25% equity interest and providing a £100,000 drawdown facility for exploration. The company also holds a 6-month option to acquire an additional 26% stake for a further £125,000 facility. In connection with this investment, Hot Rocks will issue 1,500,000 Consideration Shares, which are locked in for six months, and potentially an additional £100,000 worth of shares upon the discovery of a 500,000-ounce gold resource at Dexter Gold. Furthermore, the company has successfully raised £100,000 through the subscription of 8,888,888 new ordinary shares at 1.125p each. Following the admission of these new shares, the total voting rights will be 244,641,110. Disclaimer*
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: Investment in Sunshine Gold & Issue of Equity 14-Nov-2025 / 14:50 GMT/BST\n\n\n 14 November 2025\n\nHOT ROCKS INVESTMENTS PLC\n\n(the \"Company\" or “Hot Rocks”)\n\nInvestment in Sunshine Gold – an Australian gold explorer\n\nIssue of Equity\n\nThe Directors of the Company are pleased to announce that the Company has agreed to acquire a 25% equity interest in Sunshine Gold Capital Pty Ltd (“Sunshine Gold”).\n\n \n\nSunshine Gold is targeting the next major gold discovery in Western Australia and holds 100% of Dexter Gold - with 2 granted exploration leases with a total ground holding of 420 km2 (granted December 2024 for 5 years with no native title objections). \n\n \n\nDexter has similar rock types and favourable geological structures, analogous to the large producing gold mines at nearby Tropicana (Anglogold) and Gruyere (Gold Road / Gold Fields SA). The district discoveries at Tropicana, Gruyere, Central Bore & Attila total over 17Moz of discovered gold resources.\n\nThe Company will provide a drawdown facility to Sunshine Gold for the sum of £100,000, such funds to be utilised for exploration work and working capital. \n\nA technical committee will be formed with representatives from each of the Company and Sunshine Gold.\n\nThe Company has a 6-month option to acquire, subject to any required approvals, a further 26% of Sunshine Gold Capital Pty Ltd in consideration of providing a further drawdown facility of a further £125,000 to Sunshine Gold. \n\n \n\nThe Company has agreed to issue 1,500,000 new Ordinary Shares to the shareholders of Sunshine Gold (“Consideration Shares”). The Consideration Shares will be locked-in for 6 months.\n\nThe Company has agreed to issue further Hot Rocks new ordinary shares to the shareholders of Sunshine Gold for value of £100,000 (at the higher of 1.125p or mid-price at the time of issue) – when the compliant resource of any one project at Dexter exceeds 500,000 ounces of gold.\n\n \n\nIn addition, the Company has today raised the sum of £100,000 by way of a subscription for 8,888,888 new Ordinary Shares in the Company at a price per new ordinary share of 1.125p(“Subscription Shares”). \n\n \n\nAdmission\n\nApplication will be made for the...