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RNS Number : 2173A Red Rock Resources plc 21 September 2022
Red Rock Resources Plc
("Red Rock" or the "Company")
Placing
Appointment of Joint Broker
Total Voting Rights
21 September 2022
Red Rock Resources Plc, the natural resource development company focussed on
gold, with developing interests in copper, cobalt and other minerals,
announces that Monecor (London) Limited, trading as OvalX ("OvalX"), has
raised for the Company £160,000 before expenses by placing 40,000,000 new
ordinary shares of £0.0001 each in the Company ("Shares") with a high net
worth investor at a price of 0.4 pence per Share (the "Placing"). The net
proceeds of the Placing will be used for general working capital for the
group.
In conjunction with the Placing, the Company will grant up to 20,000,000
warrants, subject to shareholder approval, exercisable for 24 months at 0.8
pence to OvalX. A General Meeting will be convened as soon as practicable and
a further announcement will be made in due course as and when the notice
convening the meeting is published.
The Company has appointed OvalX, as joint broker to the Company.
Admission to Trading on AIM and Total Voting Rights
Application is being made for 40,000,000 Shares to be admitted to trading on
AIM, the admission of which it is expected on or around 27 September 2022.
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
1,296,147,223 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 1,296,147,223. 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
Jason Robertson 0207 374 2212
Joint Broker First Equity Limited
Thomas Smith 0207 392 1568
Joint Broker OvalX
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.
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