Issue of Equity and Total Voting Rights

RNS Number : 6122I

Red Rock Resources plc

14 December 2020

 

Red Rock Resources PLC

("Red Rock" or the "Company")

Issue of Shares upon Exercise of Convertible Loan Notes

Total Voting Rights

14 December 2020

Red Rock Resources Plc announces that it has received notice of conversion of £254,960 of Convertible Loan Notes ("Notes") into 42,493,333 Ordinary Shares ("Shares") at a price of 0.6 pence per Share ("Conversion").

Andrew Bell, Chairman, comments : "Red Rock welcomes the confidence shown in the future of the Company by the Convertible Loan Note Holders, who have now chosen to convert.

In expressing the hope that some of our long-term plays now begin to pay off in 2021, they echo both our sentiments and our confidence.

The Company is pleased that the performance of the Shares in the latter part of 2020 means that funds set aside for potential redemptions of Notes will now be available for operations as some Notes are converted and not redeemed."

Further Information

Information in relation to the Notes was given by an announcement on 17^th December 2019.

The issue of Shares upon Conversion is conditional on admission of the Shares to trading on AIM ("Admission").

Application has been made to the London Stock Exchange for Admission of the Shares, 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 18 December 2020.

Total Voting Rights (TVR)

Following the issue of the 42,493,333 new Shares, the issued share capital of the Company consists of 867,832,214 ordinary shares of 0.01p each with voting rights. No Ordinary Shares are held in Treasury.

The above figure of 867,832,214 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 and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

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

Mark Treharne 0203 700 2500    Broker Pello Capital Limited

 

END

 

 

IOEFZMMZVDLGGZM