Red Rock Resources plc Share Subscription, Total Voting Rights

RNS Number : 2196V

Red Rock Resources plc

04 July 2024

 

Red Rock Resources PLC

("Red Rock" or the "Company")

Share Subscription

 

4 July 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 the issue of 405,175,088 new Ordinary Shares ("Shares") in Red Rock at a subscription price of 0.045 pence per Share pursuant to a subscription in conversion of £182,328.79 of debt.

 

Company Chairman Andrew Bell states: "A shareholder and lender to Red Rock has converted £182,328.79 debt into shares which he has confirmed to us he intends to hold in his ISA account for the long term. He has also indicated his support in respect of his remaining lending. We appreciate his longstanding support for the Company and its prospects."     

 

Admission to Trading on AIM and Total Voting Rights

 

Application is being made for 405,175,088 Shares to be admitted to trading on AIM, the admission of which it is expected on or around 10 July 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 4,785,820,566 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 4,785,820,566.  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                                                        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.

 

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