REG - Red Rock Resources - Issue of Equity

Red Rock ResourcesAnnouncement

11/04/2024 07:00

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RNS Number : 1105K  Red Rock Resources plc  11 April 2024

Red Rock Resources PLC

("Red Rock" or the "Company")

Issue of Shares

 

11 April 2024

 

Red Rock Resources Plc, the natural resource exploration and development
company with interests in gold, base metals, battery metals, and hydrocarbons
principally in Africa and Australia, announces that it has placed 509,804,000
new ordinary shares ("Placing Shares") by a placing at 0.051 pence per share,
raising a total of £260,000.04 before expenses ("Placing"). The Placing was
arranged by Clear Capital Markets Limited.

 

The Placing proceeds will be applied to bringing gold assets in Burkina Faso
to production, in accordance with the announcement of 27 February 2024, and
other working capital purposes.

 

Red Rock CEO Andrew Bell comments: "We are moving forward with production and
pre-production activities in Burkina Faso, in order to start alluvial
production and testwork at Bilbale. We are working to a tight schedule for
operations to start within weeks, subject to the usual caveats. We continue to
work with the programme and costings outlined in our announcement of 27
February 2024.

 

In the DRC, we continue to expect a quick resolution."

 

Admission to Trading on AIM and Total Voting Rights

 

Application is being made for 509,804,000 new ordinary shares to be admitted
to trading on AIM, the admission of which it is expected on or around 18 April
2024.

 

In accordance with the provision of the Disclosure Guidance and Transparency
Rules of the Financial Conduct Authority, the Company confirms that, following
the issue of the Placing Shares, its issued ordinary share capital will
comprise 4,058,050,811 ordinary shares.

 

All of the ordinary shares have equal voting rights and none of the ordinary
shares are held in Treasury. The total number of voting rights in the Company
will therefore be 4,058,050,811. The above figure may be used by shareholders
as the denominator for the calculations to determine if they are required to
notify their interests in, or change to their interest in, the Company.

 

For further information, please contact:

Andrew Bell 0207 747
9990
Chairman Red Rock Resources Plc

Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396           NOMAD
Beaumont Cornish Limited

Bob Roberts 0203
8696081
Joint Broker Clear Capital Corporate Broking

 

This announcement contains inside information for the purposes of Article 7 of
Regulation 2014/596/EU, which is part of domestic UK law pursuant to the
Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310) and is disclosed
in accordance with the Company's obligations under Article 17.

 

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

 

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