Hot Rocks Investments acquires stake in Mendell Helium
LONDON: Hot Rocks Investments Plc announced Tuesday it has subscribed for 7.5 million new ordinary shares in Mendell Helium Plc at 2 pence per share, investing £150,000 ($190,000) as part of Mendell’s £515,000 ($650,000) fundraising round. In addition to the equity stake, Hot Rocks received 7.5 million warrants in Mendell, half exercisable at 4 pence…