REG - Red Rock Resources - Issue of Equity

Red Rock ResourcesAnnouncement

15/03/2023 14:45

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RNS Number : 1105T  Red Rock Resources plc  15 March 2023

Red Rock Resources PLC

("Red Rock" or the "Company")

 

Share Issuance

15 March 2023

Red Rock Resources Plc (LON:RRR), the natural resource development company
with interests in gold and base metals, principally in Africa and Australia,
announces that Diversified Metal Holdings LLC, under the funding agreement,
the details of which were announced to the market on 15 December 2022 (the
"Subscription Announcement") and further delineated in the announcement of 24
February 2023, has requested that the Company issue 56,487,601 ordinary shares
of £0.0001 each ( "Subscription Shares") to the subscriber at a price of 0.18
pence per Subscription Share ("Purchase Price").  The Purchase Price has been
prepaid by the subscription announced in the Subscription Announcement.
Following this issue, the amount prepaid stands at $348,000 with an additional
$78,000 fee to either be paid in cash or added to this amount by 22 March
2023.

 

Admission to Trading on AIM and Total Voting Rights

 

The Company has applied for admission of the New Ordinary Shares, which will
rank pari passu with existing ordinary shares, to trading on AIM
("Admission").  Admission is expected on or around 21 March 2023.

 

Following Admission of the Subscription Shares, the Company's enlarged issued
share capital will comprise 1,424,388,440 ordinary shares with voting rights.
This figure of 1,424,388,440 ordinary shares may be used by shareholders in
the Company as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change in
their interest in, the share capital of the Company.

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

For further information please visit www.rrrplc.com (http://www.rrrplc.com/)
 or 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

 

 

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