on Hot Rocks Investments Plc (isin : GB00B1WV3198)
Hot Rocks Investments plc Finalizes Sale of Stake in Impact Oil & Gas
Hot Rocks Investments plc (HRIP) announced the completion of the sale of its shares in Impact Oil & Gas Limited to Africa Oil Corp. The transaction, finalized on August 27, 2024, involved the sale of 250,000 shares at 56.9p per share, generating £142,250. This represents a 5.6X return on the original investment.
This follows an earlier receipt of £235,125 in June from a tender offer related to Phoenix Digital Assets plc. The current portfolio includes interests in entities such as D3 Energy, Elephant Oil Corp, and Supernova Digital Assets plc.
The Directors are exploring new investments, focusing on sectors like African copper, gold exploration, onshore oil, and digital payments.
For further information, contact Gavin Burnell at Hot Rocks Investments plc or Vishal Balasingham at Optiva Securities Limited.
R. E.
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