REG - Red Rock Resources - Convertible Note Conversion <Origin Href="QuoteRef">RRR.L</Origin>
RNS Number : 8461BRed Rock Resources plc09 October 2015Red Rock Resources Plc
("Red Rock" or the "Company")
Convertible Note Conversion
09 October 2015
Red Rock announces that YA Global Master SPV has converted 75,000 of its outstanding balance of 250,000 unsecured Convertible Notes and 1,232.88 of accrued interest, into 416,573,115 ordinary shares ("Conversion Shares") in the Company under the terms of the Convertible Note Instrument ("Convertible") as announced on 4 September 2015, at a price of 0.000183 per Conversion Share (the "Conversion").
This Conversion of 416,573,115 ordinary shares in the Company represents 6.9% of the Company's enlarged ordinary issued share capital.
Following issue of the Conversion Shares, the Company's enlarged issued ordinary share capital will consist of 6,033,861,110 ordinary shares of 0.01p each. Applicationhas been made to the London Stock Exchange for the Conversion Shares, which on Admission will 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 15 October 2015.
For further information, please contact:
Andrew Bell 0207 747 9990 or 0776 647 4849 Chairman Red Rock Resources Plc
Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396NOMAD Beaumont Cornish Limited
Jason Robertson 0129 351 7744Broker Dowgate Capital Stockbrokers Ltd
Christian Pickel 0203 128 8208Media Relations MHP Communications
This information is provided by RNSThe company news service from the London Stock ExchangeENDMSCXKLFBEBFXFBF
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