Share Name Share Symbol Market Type Share ISIN Share Description
Red Rock Resources Plc LSE:RRR London Ordinary Share GB00BYWKBV38 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.525p 0.50p 0.55p 0.525p 0.525p 0.525p 905,758 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 0.1 0.0 26.3 3.22

Red Rock Resources plc Issue of Equity

23/04/2019 6:25pm

UK Regulatory (RNS & others)

Red Rock Resources (LSE:RRR)
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2 Months : From Apr 2019 to Jun 2019

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RNS Number : 8656W

Red Rock Resources plc

23 April 2019

Red Rock Resources PLC

("Red Rock" or the "Company")

Issue of Equity

Total Voting Rights

23 April 2019

Red Rock Resources Plc announces that it has raised GBP323,750 by way of a placing of 63,480,391 new ordinary shares of 0.01 pence each ("Shares") in the Company at a price of 0.51p per Share with 1 for 2 warrants exercisable at a price of 0.75 pence per Share for twenty-four months ("April 2021 Warrants")(together the "Placing").

Andrew Bell, Chairman, comments: "The Placing ensures that the Company can manage its cash flow prudently while driving an increased tempo of exploration in the Congo as the scale of the opportunity there becomes more apparent.

Over the next few months, we expect a bunching of receipts from share and asset sales, loan repayments, and dividend and royalty receipts, while half the Jupiter Mines shareholding comes out of the voluntary escrow to which we agreed at the time of relisting, so that the medium term picture is likely to be one of increasing liquidity."

Further Information and Additional Terms

The Placing is conditional on admission of the Shares to trading on AIM ("Admission").

Application has been made to the London Stock Exchange for Admission of the Shares, which will rank pari passu with the Company's existing issued Ordinary Shares. Dealings are expected to commence at 8.00 a.m. on or around 30 April 2019.

Total Voting Rights (TVR)

Following the issue of the 63,480,391 new Ordinary Shares, the issued share capital of the Company consists of 676,049,662 ordinary shares of 0.01p each with voting rights. No Ordinary Shares are held in Treasury.

The above figure of 676,049,662 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the Disclosure and Transparency Rules.

Note: Market soundings, as defined in the Market Abuse Regulation ("MAR"), were taken in respect of the Placing with the result that certain persons became aware of inside information, as permitted by MAR. That inside information is set out in this announcement and has been disclosed as soon as possible in accordance with paragraph 7 of article 17 of MAR. Therefore, those persons that received inside information in a market sounding are no longer in possession of inside information relating to the Company and its securities.

For further information, please contact:

Andrew Bell 0207 747 9990 Chairman Red Rock Resources Plc

Scott Kaintz 0207 747 9990 Director 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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit



(END) Dow Jones Newswires

April 23, 2019 13:25 ET (17:25 GMT)

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