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LONDON - Hot Rocks Investments plc (HRIP) has invested £50,000 in First Development Resources plc (FDR), acquiring 749,625 ordinary shares at 6.67p per share along with 749,625 warrants exercisable at 10p, according to a company press release issued Tuesday.
FDR, described as a UK-based, Australian-focused exploration company with mineral interests in Western Australia and Australia’s Northern Territory, had its shares admitted to trading on AIM on Tuesday.
The investment adds to Hot Rocks’ diverse portfolio, which currently includes equity and/or warrant positions in 26 different entities across various sectors including energy, minerals, technology, and digital assets.
In the same announcement, Hot Rocks disclosed that it has reduced its holdings in two existing investments. The company decreased its position in Cel AI plc to 25,000,000 shares and reduced its stake in Hamak Gold Limited to 3,750,000 shares, while retaining 12,500,000 warrants in Hamak Gold.
Hot Rocks Investments indicated that its directors continue to seek opportunities to diversify and enhance shareholder value.
The company’s portfolio includes investments in firms focused on copper, gold, helium, oil and gas, as well as technology companies in the digital assets and payment processing sectors.
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