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Hot Rocks Investments PLC on Tuesday said it has received £142,250 through the sale of its investment in Impact Oil & Gas Ltd.
The natural resources-focused investor said the investment has been sold to Africa Oil Corp.
In total 250,00 shares have been sold in Impact, at a price of 59.6 pence each.
This marks a 5.6 times return on the company’s investment.
These funds are in addition to the £235,125 received in June following the result of the tender offer at 5.39p per share.
‘The directors continue to look at opportunities to add value for shareholders and are currently reviewing potential investments in a range of companies including African copper and gold explorers, onshore oil explorers, and digital payments entities,’ Hot Rocks added.
Shares in Hot Rocks were flat at 0.11p each in London on Tuesday morning.
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