Red Rock Resources plc Issue of Equity and Total Voting Rights (5089D)

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RNS Number : 5089D

Red Rock Resources plc

22 June 2023

Red Rock Resources Plc

("Red Rock" or the "Company")

Placing

Total Voting Rights

22 June 2023

Red Rock Resources Plc, the natural resource development company exploration, and development company with interests in gold, copper, cobalt, lithium and other minerals, announces that CMC Markets UK Plc has raised for the Company GBP288,750 before expenses by placing 175,000,000 new ordinary shares of GBP0.0001 each in the Company ("Shares") at a price of 0.165 pence per Share (the "Placing"). The net proceeds of the Placing will be used for the Company's activities in Kenya and Zimbabwe and for general working capital purposes, pending the anticipated receipt of funds from the DRC.

Red Rock Chairman Andrew Bell comments : "The Company believes that this fundraise will enable it to accelerate the development of its projects including its lithium project in Zimbabwe, pending conclusion of its arbitration in the DRC."

Admission to Trading on AIM and Total Voting Rights

Application is being made for 175,000,000 Shares to be admitted to trading on AIM, the admission of which it is expected on or around 28 June 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 2,480,597,791 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 2,480,597,791 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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June 22, 2023 02:00 ET (06:00 GMT)