Business
Hot Rocks Investments plc: Sale of stake in I...
Hot Rocks Investments plc: Sale of stake in I....
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: Sale of stake in Impact Oil & Gas 27-Aug-2024 / 07:00 GMT/BST\n\n\n27 August 2024\n\nHOT ROCKS INVESTMENTS PLC\n\n(the \"Company\")\n\nSale of Holding in Impact Oil & Gas Limited to Africa Oil Corp\n\nFurther to the announcement by the Company on 26 June 2024, the Directors are pleased to announce that the Company has received the sum of £142,250 in respect of the sale of the Company’s investment in Impact Oil & Gas Limited (“Impact”) to Africa Oil Corp. \n\nThe Directors agreed on behalf of the Company to dispose of the Company’s shareholding of 250,000 shares in Impact at 56.9p per share for the sum of £142,250, a 5.6X return on the Company’s investment. The sale has now completed.\n\nThese funds are in addition to the £235,125 received in June 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, as previously announced.\n\nFollowing the above disposals the company holds equity and / or warrant positions in the following listed and unlisted entities:\n\n \n\nD3 Energy\n\nElephant Oil Corp\n\nElectrum Discovery 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 including African copper and gold explorers, onshore oil explorers, and 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\nVishal Balasingham Tel: 0203 981 4174\n\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:...