Completion of Acquisition and

RNS Number : 4211J

Red Rock Resources plc

30 March 2010

 



RED ROCK RESOURCES PLC

Completion of Acquisition and Issue of Equity

Dated: 30 March 2010

Red Rock Resources plc ("Red Rock" or the "Company") the mining exploration and development company focussed on advancing iron ore, manganese and uranium projects in Australia and East Africa, announces that it has issued 5,064,645 new ordinary shares of 0.1 pence each ('Ordinary Shares') in the Company at a price of 2.68 pence per Ordinary Share, conditional on the Shares being admitted to trading on AIM (the "Issue").

Of the Issue, 4,005,970 Ordinary Shares are being issued to Kansai Mining Corporation as the third and final tranche  of the Consideration for the purchase of  Red Rock's interest in the Migori gold property announced by the Company on 17 August 2009. The balance of the Issue, being 1,058,675 new Ordinary Shares, have been issued in satisfaction on advisers' fees.

Following the Issue, the Company's total issued ordinary share capital will be 580,108,812 ordinary shares of 0.1p. Application has been made to the London Stock Exchange for the Shares, which rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on 7 April 2010.

Enquiries:

Red Rock Resources plc
Andrew Bell, Chairman	0207 402 4580/07766 474849
John Watkins	07768 512404
Nominated Adviser
Religare Capital Markets
Peter Trevelyan-Clark/Ben Jeynes	020 7444 0800
Broker
Simple Investments Ltd
Nick Emerson, Renato Rufus	01483 413500
Public Relations
Lothbury Financial Limited
Ron Marshman	020 7011 9411

 

Updates on the Company's activities are regularly posted on its website, www.rrrplc.com.

 

END

 

 

MSCSDEFFSFSSEED