DJ Hot Rocks Investments plc: Company Update
Hot Rocks Investments plc (HRIP)
Hot Rocks Investments plc: Company Update
26-Jun-2024 / 07:00 GMT/BST
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26 June 2024
HOT ROCKS INVESTMENTS PLC
(the "Company")
Company Update
The Directors of the Company are pleased to announce that the Company has received the cash sum of GBP235,125 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.
The 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 GBP142,250, 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.
Following the above disposals the company will hold equity and / or warrant positions in the following entities:
D3 Energy
Electrum Discovery Corp
Elephant Oil Corp
Mafula Energy Limited
Minergy Limited
Mosi Copper Limited
New Horizon Oil & Gas Limited
Orcadian Energy Plc
Phoenix Digital Assets plc
Pilar Gold Inc
Rift Resources Limited
Royal Road Minerals Limited
Supernova Digital Assets plc
Trigon Metals Inc
Tucano Gold Inc
Unicorn Mineral Resources plc
The 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.
For further details please contact:
Hot Rocks Investments plc
Gavin Burnell Tel: 0207 2644 546
Optiva Securities Limited
Daniel Ingram Tel: 0203 981 4178
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Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse
Regulation (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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ISIN: GB00B1WV3198
Category Code: TST
TIDM: HRIP
LEI Code: 213800JNSRPMZVREEO51
Sequence No.: 330179
EQS News ID: 1933031
End of Announcement EQS News Service
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June 26, 2024 02:00 ET (06:00 GMT)
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