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RRR - Red Rock Resources News Story

0.9p 0.0  0.0%

Last Trade - 14/05/21

Sector
Basic Materials
Size
Micro Cap
Market Cap £10.7m
Enterprise Value £10.8m
Revenue £n/a
Position in Universe 1598th / 1826

Red Rock Resources - Issue of Equity and Total Voting Rights

Fri 18th December, 2020 12:28pm
RNS Number : 1907J
Red Rock Resources plc
18 December 2020
 

Red Rock Resources PLC

("Red Rock" or the "Company")

Issue of Shares upon Exercise of Convertible Loan Notes

Total Voting Rights

 

18 December 2020

Red Rock Resources Plc announces that it has received notice of conversion of £205,880.27 of Convertible Loan Notes ("Notes") into 34,313,378 Ordinary Shares ("Shares") at a price of 0.6 pence per Share ("Conversion"). This follows the conversion of £254,960 into 42,493,333 Shares announced on 14 December 2020.

Andrew Bell, Chairman, comments: "With this further conversion of Convertible Loan Notes the great bulk of the holders have now chose to convert their debt instruments into Shares.  

We welcome our new shareholders and thank them for their confidence in the Company and its prospects."

Further Information

Information in relation to the Notes was given by an announcement on 17 December 2019.

The issue of Shares upon Conversion is conditional on admission of the Shares to trading on AIM ("Admission").

Application has been made to the London Stock Exchange for Admission of the Shares, which will rank pari passu with the Company's existing issued Ordinary Shares. Dealings are expected to commence at 8.00 a.m. on or around 24 December 2020.

Total Voting Rights (TVR)

Following the issue of the 34,313,378 new Shares, the issued share capital of the Company consists of 902,145,592 ordinary shares of 0.01p each with voting rights. No Ordinary Shares are held in Treasury.

The above figure of 902,145,592 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 Disclosure and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, please contact:

Andrew Bell 0207 747 9990                                                       Chairman Red Rock Resources Plc

Scott Kaintz 0207 747 9990                                                        Director Red Rock Resources Plc

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

Mark Treharne 0203 700 2500                                                    Broker Pello Capital Limited

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