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RRR - Red Rock Resources News Story

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Sector
Basic Materials
Size
Micro Cap
Market Cap £10.7m
Enterprise Value £10.8m
Revenue £n/a
Position in Universe 1598th / 1827

Red Rock Resources - Issue of Equity and Total Voting Rights

Tue 22nd December, 2020 4:50pm
RNS Number : 5898J
Red Rock Resources plc
22 December 2020
 

Red Rock Resources PLC

("Red Rock" or the "Company")

Issue of Shares upon Final Exercise of Convertible Loan Notes

Total Voting Rights

 

22 December 2020

Red Rock Resources Plc announces that it has received notice of conversion of £422,800 of Convertible Loan Notes ("Notes") into 70,466,665 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 and the conversion of £205,880.27 into 34,313,378 Shares as announced on 18 December 2020.

Andrew Bell, Chairman, comments: "The Convertible Notes have now expired and there will be no further conversions.   

We are delighted to see that every Noteholder decided to exercise conversion rights, a measure of the confidence that we believe exists in the prospects of the Company".

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 29 December 2020.

Total Voting Rights (TVR)

Following the issue of the 70,466,665 new Shares, the issued share capital of the Company consists of 972,612,257 ordinary shares of 0.01p each with voting rights. No Ordinary Shares are held in Treasury.

The above figure of 972,612,257 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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