Issue of Equity

RNS Number : 9888Q

Red Rock Resources plc

12 August 2010

 



RED ROCK RESOURCES PLC

Issue of Equity

Dated: 12 August 2010

Red Rock Resources plc ("Red Rock" or the "Company"), the gold mining and exploration company with projects in Kenya and Colombia, and interests in steel feed and uranium, announces that YA Global Master SPV, Ltd. ('YA Global'), which is advised by Yorkville Advisors LLC, has subscribed for 13,723,094 ordinary shares of 0.1 pence each ('Ordinary Shares') in the Company under the terms of the Standby Equity Distribution Agreement ('SEDA') between Red Rock and YA Global, announced on 1 May 2009, at a price of 2.186 pence per Ordinary Share. The proceeds of the subscription are £300,000 before expenses, conditional on the Shares being admitted to trading on AIM.

Following the issue of the Shares the Company's total issued ordinary share capital will be 612,674,091 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 Wednesday 18 August 2010.

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.

 

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