27 August
2024
HOT ROCKS
INVESTMENTS PLC
(the
"Company")
Sale of
Holding in Impact Oil & Gas Limited to Africa Oil
Corp
Further 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.
The
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.
These 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.
Following the above
disposals the company holds equity and / or warrant positions in
the following listed and unlisted entities:
D3 Energy
Elephant Oil
Corp
Electrum Discovery
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 including African copper and gold explorers,
onshore oil explorers, and digital payments entities.
For further
details please contact:
Hot Rocks
Investments plc
Gavin
Burnell Tel: 0207
2644 546
Optiva
Securities Limited
Vishal
Balasingham Tel: 0203 981
4174