Issue of Equity

RNS Number : 9883I

Red Rock Resources plc

23 June 2011

 



Red Rock Resources plc

Issue of Equity

Dated: 23 June 2011

Red Rock Resources plc ("Red Rock" or the "Company"), the mining and exploration company with gold projects in Kenya and Colombia, and interests in steel feed, uranium, and rare earths announces that it has placed 16,666,666 new ordinary shares of 0.1p each in the Company ("Placing Shares") at a price of 6 pence per Ordinary Share (the "Placing"). The gross proceeds of the Placing are approximately £1,000,000, conditional on the Placing Shares being admitted to trading on AIM. The proceeds of the Placing will be applied towards general working capital.

As part of the Placing, Regency Mines PLC has subscribed for 4,166,666 of the Placing Shares, maintaining its shareholding above 20 per cent.. Following the Placing, Regency Mines plc will be interested in 145,764,666 ordinary shares in the Company, representing approximately 20.13 per cent. of the Company's enlarged issued ordinary share capital.

Application will be made to the London Stock Exchange for the Placing 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 on 29 June 2011.

Following admission, the Company's issued ordinary share capital will consist of 723,983,283 ordinary shares.

Enquiries:

Andrew Bell	020 7402 4580 or 07766 474849	Red Rock Resources plc	Chairman
Sandra Spencer	020 7402 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

 

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