Red Rock Resources plc Exercise of Convertible Loan Notes, TVR (1190K)
23 August 2023 - 12:50AM
UK Regulatory
TIDMRRR
RNS Number : 1190K
Red Rock Resources plc
22 August 2023
Red Rock Resources PLC
("Red Rock" or the "Company")
Issue of Shares upon Exercise of Convertible Loan Notes
Total Voting Rights
22 August 2023
Red Rock Resources Plc, the natural resource exploration and
development company with interests in gold, copper, cobalt, lithium
and other minerals, announces that it has received notice of
conversion of GBP52,509.60 of Convertible Loan Notes, inclusive of
interest, into 26,000,000 ordinary shares at a price of
GBP0.0020196 per share.
Red Rock also announces the issue of 50m warrants exercisable
into new ordinary shares for 2 years at 0.2p to an unsecured
lender, subject to a grant of authority at the next General Meeting
of the Company.
Admission to Trading on AIM and Total Voting Rights
Application is being made for 26,000,000 Shares to be admitted
to trading on AIM, the admission of which it is expected on or
around 29 August 2023.
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 2,570,097,791 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 2,570,097,791. 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 Broker First Equity Limited
Bob Roberts 0203 8696081 Joint 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.
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END
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