Red Rock Resources
PLC
("Red Rock" or the
"Company")
Issue of
Shares
11
April 2024
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 that it has placed
509,804,000 new ordinary
shares ("Placing Shares") by a placing at 0.051 pence per share,
raising a total of £260,000.04 before expenses ("Placing"). The
Placing was arranged by Clear Capital Markets Limited.
The Placing proceeds will be applied
to bringing gold assets in Burkina Faso to production, in
accordance with the announcement of 27 February 2024, and other
working capital purposes.
Red
Rock CEO Andrew Bell comments: "We are moving forward with
production and pre-production activities in Burkina Faso, in order
to start alluvial production and testwork at Bilbale. We are
working to a tight schedule for operations to start within weeks,
subject to the usual caveats. We continue to work with the
programme and costings outlined in our announcement of 27 February
2024.
In
the DRC, we continue to expect a quick
resolution."
Admission to Trading on AIM and Total Voting
Rights
Application is being made for
509,804,000 new ordinary
shares to be admitted to trading on AIM, the admission of which it
is expected on or around 18 April 2024.
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 Placing Shares, its issued ordinary share capital will
comprise 4,058,050,811 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 4,058,050,811. 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
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.
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.
