Placement of Shares

RNS Number : 4340Q

Red Rock Resources plc

29 August 2014

 



Red Rock Resources Plc

("Red Rock" or the "Company")

Placement of Shares

29 August 2014

Red Rock is pleased to announce that it has raised £200,000 by way of a placing of 100,000,000 new ordinary shares of 0.1 pence each ("Shares") in the Company with institutional and private investors, at a price of £0.002 per Share (the "Placing"). 

37,500,000 of the Shares will be taken up by Regency Mines in settlement of shared costs and obligations. Following the Issuance Regency Mines plc will hold 227,119,006 Shares representing 10.65% of the Company's total voting rights.   

The proceeds of the Placing will be applied to activities in Kenya and for working capital purposes.

Application has been made to the London Stock Exchange for the new 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 8^th September 2014.

Following the Placing, the Company's total issued ordinary share capital will consist of 2,131,951,446 Ordinary Shares with voting rights. No Ordinary Shares are held in treasury.

The above figure of 2,131,951,446 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 FCA's Disclosure and Transparency Rules.

For further information contact:

Andrew Bell 0207 747 9990 or 0776 647 4849                Chairman Regency Mines plc

Colin Aaronson / David Hignell 0207383 5100              NOMAD Grant Thornton UK LLP

Jason Robertson 01293 517744                                       Broker Dowgate Capital Stockbrokers Limited

Rupert Trefgarne 02031288817                                        Media Relations MHP Communications

 

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