REG - Red Rock Resources - Placing and TVR

Red Rock ResourcesAnnouncement

04/04/2023 07:00

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RNS Number : 2334V  Red Rock Resources plc  04 April 2023

Red Rock Resources Plc

("Red Rock" or the "Company")

 

Placing

 

Total Voting Rights

 

 

4 April 2023

 

Red Rock Resources Plc, the natural resource exploration and development
company with interests in gold, copper, cobalt, lithium and other minerals,
announces that First Equity Limited has raised for the Company £223,000
before expenses by placing 123,888,888 new ordinary shares of £0.0001 each in
the Company ("Shares") at a price of 0.18 pence per Share (the "Placing"). The
net proceeds of the Placing will be used for the Company's activities in
Australia, Kenya and Zimbabwe and for general working capital purposes pending
the anticipated receipt of funds from the DRC.

 

In conjunction with the Placing, the Company will grant 123,888,888 warrants,
exercisable into Shares at a price of 0.35 pence per Share for 18 months from
the date of admission to trading on AIM ("Placing Warrants")

 

The Company will also grant 12,388,888 broker warrants ("Broker Warrants") to
First Equity Limited for its services as Placing Agent, with the same terms as
set out above for the Placing Warrants.

 

 

Admission to Trading on AIM and Total Voting Rights

 

Application is being made for 123,888,888 Shares to be admitted to trading on
AIM, the admission of which it is expected on or around 13 April 2023.

 

Following admission of the Shares, the Company's total issued share capital
will consist of 1,548,277,328 ordinary shares, with one voting right per
share. The Company does not hold any shares in treasury. Therefore, the total
number of voting rights in the Company will be 1,548,277,328 ordinary shares.
This 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 share capital of the Company under the
Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.

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
  Joint Broker First Equity Limited

 
 

 

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.

 

Good to release.

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