Red Rock Resources plc Placing and TVR (2334V)
04 April 2023 - 4:00PM
UK Regulatory
TIDMRRR
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 GBP223,000 before expenses by placing 123,888,888
new ordinary shares of GBP0.0001 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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END
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(END) Dow Jones Newswires
April 04, 2023 02:00 ET (06:00 GMT)
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