REG - Red Rock Resources - Issue of Equity and Total Voting Rights

Red Rock ResourcesAnnouncement

22/06/2023 07:00

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RNS Number : 5089D  Red Rock Resources plc  22 June 2023

Red Rock Resources Plc

("Red Rock" or the "Company")

 

Placing

 

Total Voting Rights

 

 

22 June 2023

 

Red Rock Resources Plc, the natural resource development company exploration,
and development company with interests in gold, copper, cobalt, lithium and
other minerals, announces that CMC Markets UK Plc has raised for the Company
£288,750 before expenses by placing 175,000,000 new ordinary shares of
£0.0001 each in the Company ("Shares") at a price of 0.165 pence per Share
(the "Placing"). The net proceeds of the Placing will be used for the
Company's activities in Kenya and Zimbabwe and for general working capital
purposes, pending the anticipated receipt of funds from the DRC.

 

Red Rock Chairman Andrew Bell comments: "The Company believes that this
fundraise will enable it to accelerate the development of its projects
including its lithium project in Zimbabwe, pending conclusion of its
arbitration in the DRC."

 

Admission to Trading on AIM and Total Voting Rights

 

Application is being made for 175,000,000 Shares to be admitted to trading on
AIM, the admission of which it is expected on or around 28 June 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
2,480,597,791 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 2,480,597,791  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.

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