Convertible Bond Conversion

RNS Number : 1476Q

Red Rock Resources plc

09 October 2013

 

Red Rock Resources Plc

("Red Rock" or the "Company")

Convertible Bond Conversion

9 October 2013

Red Rock announces that YA Global Master SPV, Ltd. ('YA Global'), which is advised by Yorkville Advisors LLC ('Yorkville'), has converted £261,311.44 in unsecured Convertible Bonds 2014 into 27,454,448 ordinary shares of 0.1 pence each ("Shares") in the Company under the terms of the Convertible Bond Instrument ("Convertible") as announced on 18 September 2013, at a price of £0.009518 per Share. 

Following the Subscription, the Company's total issued ordinary share capital will be 1,405,570,545 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 15  October 2013.

For further information contact:

Andrew Bell 0207 747 9990  or 0776 647 4849	Chairman Red Rock Resources plc
Sandra Spencer 0207 747 9990 or 0775 766 0798	Investor Relations Red Rock Resources plc
Colin Aaronson / David Hignell 020 7383 5100	NOMAD Grant Thornton UK LLP
Nick Emerson 01483 413500 Rupert Trefgarne 0203128 8817	Broker SI Capital Ltd Media Relations MHP Communications

 

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