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

Red Rock ResourcesAnnouncement

12/02/2024 07:00

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RNS Number : 7288C  Red Rock Resources plc  12 February 2024

Red Rock Resources PLC

("Red Rock" or the "Company")

Issue of Shares upon Exercise of Convertible Loan Notes

Total Voting Rights

 

12 February 2024

 

Red Rock Resources Plc, the natural resource development company with
interests in gold, base metals, battery metals, and hydrocarbons principally
in Africa and Australia, announces, further to the announcement of the issue
of Convertible Loan Notes on 19 October 2023 ("Notes"), that it has received
notice of conversion of £134,820 of Notes, inclusive of interest, into
211,482,353 ordinary shares at a price (calculated in accordance with the
terms of the Notes) of £0.0006375 per share.

 

Red Rock Chairman Andrew Bell comments: "We were grateful for the support of
the buyers of our Convertible Loan Notes last year. Buyers of our notes who
exercise the conversion option, generally institutional or quasi-institutional
or high net worth investors, have proved a stable and supportive element of
our shareholder base, and we welcome them as shareholders".

 

Admission to Trading on AIM and Total Voting Rights

 

Application is being made for 211,482,353 Shares to be admitted to trading on
AIM, the admission of which it is expected on or around 16 February 2024.

 

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
3,548,246,811 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 3,548,246,811.         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

Bob Roberts 0203 8696081
 
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.

 

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

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