Hot Rocks Investments Makes Strategic Move with FDR Investment

Hot Rocks Investments plc has announced a £50,000 investment in First Development Resources plc (FDR), acquiring 749,625 ordinary shares at 6.67p each and the same amount in warrants, exercisable at 10p. FDR, a UK-based company focused on mineral exploration in Australia, has debuted its trading on AIM today.

Hot Rocks holds diverse equity and warrant positions in various entities, including Cel AI plc, Elephant Oil Corp, and Tucano Gold Inc. The company recently adjusted its portfolio by reducing holdings in Cel AI to 25 million shares and in Hamak Gold Limited to 3.75 million shares, while retaining 12.5 million warrants in Hamak.

The directors continue to explore opportunities that could add value and diversify interests for shareholders.