Hot Rocks Investments Updates Portfolio with Hamak Gold Stake

Hot Rocks Investments plc has announced significant developments in its portfolio, particularly concerning its investment in Hamak Gold Limited. The company invested £100,000 in Hamak Gold Limited, acquiring 12,500,000 ordinary shares at a price of 0.8p per share, alongside 12,500,000 warrants. Recently, the company sold 6,000,000 of these shares at an average price of 2.61p, generating £156,600 post-expenses.

The company retains 6,500,000 ordinary shares and 12,500,000 warrants in Hamak, exercisable at 0.8p per share over two years, with a 12-month lock-in period. Hot Rocks Investments aims to diversify and enhance shareholder value through strategic equity and warrant positions in various entities including Cel AI plc, Laiva Gold Inc, and Mendell Helium plc.