Exercise of Options

RNS Number : 9709Z

Red Rock Resources plc

24 January 2011

 



RED ROCK RESOURCES PLC

Exercise of Options

Dated: 24 January 2011

Red Rock Resources PLC ("Red Rock" or the "Company") has been notified of the exercise by Robert Weicker on 21 January of 250,000 options to subscribe for ordinary shares in the Company ("Ordinary Shares") at a price of 1.25 pence per share and 125,000 Ordinary Shares at a price of 3.2 pence per share. As a result of this exercise of options, Robert Weicker holds 375,000 Ordinary Shares in the Company. This holding represents 0.055% of the Company's issued ordinary share capital.

In addition to his interests in the Ordinary Share Capital of the Company stated above, Mr Weicker remains interested in the following options to subscribe for the Company's Ordinary Shares.

	Number of Options	Expiry Date	Exercise Price
Robert Weicker	750,000	11 May 2012	3.5 pence
	125,000	22 September 2015	3.2 pence

Red Rock has also been notified by other option holders of the exercise of 125,000 options to subscribe for Ordinary Shares at a price of 1.25 pence per share and 375,000 Ordinary Shares at a price of 3.2 pence per share.

The Application will be made for the new Ordinary Shares, which rank pari passu with the Company's existing issued ordinary share capital, to be admitted to trading on AIM. It is expected that the admission of the New Ordinary Shares to trading on AIM  will occur on Friday 28 January 2011.

Following the issue and allotment of the new Ordinary Shares, the Company will have 683,314,017 Ordinary Shares in issue.

Enquiries:

Andrew Bell	0207 402 4580 or 07766 474849	Red Rock Resources plc	Chairman
Sandra Spencer	0207 402 4580 or 07757 660 798	Red Rock Resources plc	Public and Investor Relations
Peter Trevelyan-Clark/ Ben Jeynes	020 7444 0800	Religare Capital Markets	Nominated Adviser
Nick Emerson	01483 413500	Simple Investments Ltd	Broker

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

 

END

 

 

LISMMGZMZDDGMZM