Red Rock Resources Plc announced a private placement to issue 50 6% convertible term loan at an price of £10,000 per Note for the gross proceeds of £500,000 on October 19, 2023. The note bears 6% interest rate. The transaction has been approved by the board of directors of the company.

On the same date, the company announced that it has issued 21 notes at an issue price of £10,000 per Note for the gross proceeds £210,000 in the first tranche.