Issue of Equity and Total Voting Rights

RNS Number : 6662F

Red Rock Resources plc

22 February 2018

 

Red Rock Resources PLC

("Red Rock" or the "Company")

Issue of Equity and Total Voting Rights

22 February 2018

Red Rock Resources Plc, the natural resource investment and development company, announces that on 20 February 2018, the Board of Directors approved the issuance of 4,615,384 new ordinary shares of 0.01p each ("Ordinary Shares") in the Company at a price of 0.65p per Ordinary Share for the total cost of £30,000 pursuant to an agreement with a service provider. The new Ordinary Shares have a sale restriction for a period of 6 months.

Warrants Issue

The Board of Directors approved the issue of 19,843,750 warrants to a fund introducer in relation to November and December 2017 fundraisings. Each Warrant entitles the holder to subscribe for Shares at any time up to 30 April 2019 at a price of 1.4 pence per Share.

Admission to trading on AIM and Total Voting Rights (TVR)

Application has been made for 4,615,384 new Ordinary Shares to be admitted to trading on AIM, which will rank pari passu with the Company's existing issued Ordinary Shares.  Dealings are expected to commence at 8.00 a.m. on or around 28 February 2018.

Total Voting Rights (TVR)

Following the issue of the 4,615,384 new Ordinary Shares, the issued share capital of the Company consists of 503,658,124 Ordinary Shares of 0.01p each with voting rights. No Ordinary Shares are held in Treasury.

The above figure of 503,658,124 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the Disclosure Guidance and Transparency Rules.

 For further information, please contact:

Andrew Bell 0207 747 9990                                                       Chairman Red Rock Resources Plc

Scott Kaintz 0207 747 9990                                                        Director Red Rock Resources Plc

Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396        NOMAD Beaumont Cornish Limited

Jason Robertson 0207 374 2212                                                Broker First Equity Limited

 

END

 

 

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