Notice of General Meeting

RNS Number : 5598A

Red Rock Resources plc

09 October 2009

 

RED ROCK RESOURCES PLC

Notice of General Meeting

Dated:  9 October 2009

Red Rock Resources plc ("Red Rock" or the "Company") the mining exploration and mineral investment company with interests in iron ore and manganese in Australia and Zambia, and uranium investments in Africa and Australia, will today be posting to shareholders a Notice of General Meeting which is being convened for 11:00 a.m. on Monday 26 October 2009 to give authority under Section 551 of the Companies Act 2006 for the allotment of shares and for the disapplication of pre-emptive rights under Section 570 of that Act.

The number of shares in respect of which authority is sought is 130,000,000, equivalent to approximately 27.2 per cent. of the existing issued capital of the Company (including the share issues proposed to be ratified at the General Meeting). 

The purpose of these resolutions is to give the Company flexibility to raise working capital by placements of stock, or to draw down funding under its £3m Standby Equity Distribution Agreement with YA Global Master SPV, Ltd., or to take opportunities for acquisitions that may arise at short notice.

In addition, the meeting asks shareholders to ratify retrospectively issues of shares and the grant of options made between 19 May 2009 and 6 October 2009 that exceeded or would on exercise have exceeded the Company's former section 80 and 89 authorities under the Companies Act 1985 (as amended).

Regency Mines plc has given an irrevocable commitment to vote in favour of the resolutions in respect of 135,850,000 ordinary shares.

Copies of the Notice of General Meeting and the accompanying Chairman's letter are or will shortly be available to download from the Company's website at www.rrrplc.com

Enquiries:

Red Rock Resources plc
Andrew Bell, Chairman	0207 402 4580 07766 474849
John Watkins	07768 512404
Nominated Adviser
Blomfield Corporate Finance Ltd
Peter Trevelyan-Clark/ Ben Jeynes	020 7489 4500
Broker
Simple Investments Ltd
Nick Emerson	01483 413500
Public Relations
Lothbury Financial Limited
Ron Marshman/ John Greenhalgh	020 7011 9411

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

 

END

 

 

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