REG - Red Rock Resources - Issue of Shares and Warrants

Red Rock ResourcesAnnouncement

31/01/2025 12:01

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RNS Number : 4913V  Red Rock Resources plc  31 January 2025

Red Rock Resources PLC

("Red Rock" or the "Company")

Issue of Shares and Warrants

 

31 January 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 issue for cash of
28,571,428 new ordinary shares of 0.01 pence each in the Company ("Shares") at
a subscription price of 0.035 pence per Share with accompanying 28,571,428
warrants, exercisable at a price of 0.040 pence per Share at any time before
21 January 2028 ("January 2028 Warrants - Series I"), pursuant to a
subscription in conversion of an advance of £10,000 by an existing
shareholder.

 

The Company further announces the issue for cash of 25,000,000 new ordinary
shares of 0.01 pence each in the Company ("Shares") at a subscription price of
0.040 pence per Share with accompanying 25,000,000 warrants, exercisable at a
price of 0.050 pence per Share at any time before 27 January 2028 ("January
2028 Warrants - Series II"), pursuant to a subscription in conversion of an
advance of £10,000 by an existing shareholder.

 

Admission to Trading on AIM and Total Voting Rights

 

Application is being made for 53,571,428 Shares to be admitted to trading on
AIM, the admission of which it is expected on or around 5 February 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
6,451,995,381 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 6,451,995,381. 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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