REG - Red Rock Resources - Issue of Shares and Other Matters

Red Rock ResourcesAnnouncement

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RNS Number : 3652M  Red Rock Resources plc  19 December 2025

Red Rock Resources PLC

("Red Rock" or the "Company")

Issue of Shares and Other Matters

 

19 December 2025
 

 

Red Rock Resources Plc, the natural resource exploration and development
company with interests in gold, base metals, battery metals, and hydrocarbons,
principally in Africa and Australia, announces the subscription for additional
working capital purposes by an existing long-term shareholder of £200,000
cash for the issue of 800,000,000 new ordinary shares of 0.01 pence each in
the Company ("Shares") at a subscription price of 0.025 pence per Share, to
meet working capital requirements.

 

Another shareholder has expressed a wish to convert £200,000 of existing
indebtedness to shares at the same price, subject to a vote granting authority
by the shareholders in general meeting.

 

Admission to Trading on AIM and Total Voting Rights

 

Application is being made for 800,000,000 Shares to be admitted to trading on
AIM, the admission of which it is expected on or around 29 December 2025.

 

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 Shares, its issued ordinary share capital will comprise
9,244,509,374 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 9,244,509,374. 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.

 

Rescheduling of transactions

 

By mutual agreement, the Company and Power Metal Resources PLC have agreed to
reschedule the final two payments by Red Rock announced on 21(st) July 2025 as
due 14(th) November 2025 and 31sr December 2025 into one payment due by 31(st)
March 2026. A facility fee will be payable in respect of this deferral.

 

In respect of the conditional sale of Ivory Coast licences announced on 15(th)
October 2025 the Company has agreed to extend the period for completion to
allow for completion of some due diligence matters, with a long stop date of
31(st) March 2026.

 

Red Rock Chairman Andrew Bell comments: "The Company has now set aside by
these and other transactions working capital to provide a clear runway for the
early months of 2026. We are grateful for the support of our key shareholders
and partners that has enabled us to do this, and look forward to providing
positive news flow over coming weeks."

 

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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