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LONDON - Hot Rocks Investments plc (HRIP) has acquired 60,000 warrants in The Smarter Web Company plc, giving the right to subscribe for new ordinary shares at 2.5p per warrant, according to a press release issued Thursday.
The warrants can be exercised following 12 months of SWC’s admission to trading on AQUIS and remain valid for an additional two years. The Smarter Web Company, an AQUIS-traded UK web design agency, was approved to trade on the OTCQB Venture Market in the United States and reportedly holds 168.08 bitcoin.
Hot Rocks has also taken an equity position in Supernova Metals Corp. (CSE:SUPR), a Canadian exploration company focused on oil exploration in Namibia’s Orange Basin. Supernova has proposed changing its name to Oregen Energy Corp. to reflect its new focus.
Additionally, the investment firm participated in Wishbone Gold plc’s financing round on Wednesday. The capital will support Wishbone’s gold exploration activities in Australia, particularly drilling deeper holes into the Red Setter Gold Dome target.
Gavin Burnell, Managing Director of Hot Rocks Investments, stated that the company continues to build its portfolio with positions that could provide "significant upside."
The press release also noted that WeShop Holdings Limited, in which Hot Rocks holds 150,000 ordinary shares, has confidentially filed a Form F-1 with the SEC for a proposed direct listing of its ordinary shares.
Hot Rocks Investments currently holds equity and/or warrant positions in 23 entities across various sectors including energy, mining, and digital assets.
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