REG - Red Rock Resources - Exercise of Convertible Loan Notes, TVR

Red Rock ResourcesAnnouncement

22/08/2023 16:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230822:nRSV1190Ka&default-theme=true

RNS Number : 1190K  Red Rock Resources plc  22 August 2023

Red Rock Resources PLC

("Red Rock" or the "Company")

Issue of Shares upon Exercise of Convertible Loan Notes

Total Voting Rights

 

22 August 2023

 

Red Rock Resources Plc, the natural resource exploration and development
company with interests in gold, copper, cobalt, lithium and other minerals,
announces that it has received notice of conversion of £52,509.60 of
Convertible Loan Notes, inclusive of interest, into 26,000,000 ordinary shares
at a price of £0.0020196 per share.

 

Red Rock also announces the issue of 50m warrants exercisable into new
ordinary shares for 2 years at 0.2p to an unsecured lender, subject to a grant
of authority at the next General Meeting of the Company.

 

Admission to Trading on AIM and Total Voting Rights

 

Application is being made for 26,000,000 Shares to be admitted to trading on
AIM, the admission of which it is expected on or around 29 August 2023.

 

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 Shares, its issued ordinary share capital will comprise
2,570,097,791 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 2,570,097,791. 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

Jason Robertson 0207 374
2212
  Broker First Equity 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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCDZGZRDZLGFZM