1st May 2008 07:00
Red Rock Resources plc01 May 2008 RED ROCK RESOURCES PLC Issue of Equity Dated: 1 May 2008 Red Rock Resources plc ("Red Rock" or the "Company") the mineral exploration anddevelopment company focused on advancing iron ore, uranium and manganeseprojects in Australia and East Africa, has issued 31,000,000 new ordinary sharesof 0.1p each in the capital of the Company (the "Placing" and the "PlacingShares") at 1.5p per Placing Share, conditional on the Placing Shares beingadmitted to trading on AIM. City Equities Limited has agreed to subscribe for 12,000,000 Placing Shares at1.5p per Placing Share. This holding represents approximately 3.9% of the issuedshare capital of the Company as enlarged by the Placing. Wills and Co Stockbrokers have agreed to subscribe for 10,000,000 Placing Sharesat 1.5p per Placing Share. This holding represents approximately 3.3% of theissued share capital of the Company as enlarged by the Placing. Regency Mines plc ("Regency") has as agreed to subscribe for 8,100,000 PlacingShares at 1.5p per Placing Share. Following the placing Regency will hold115,350,000 ordinary shares in the Company, which is approximately 37.8% of theissued share capital as enlarged by the Placing. John Watkins, a director of the Company, has agreed to subscribe for 250,000Placing Shares at 1.5p per Placing Share. Following the placing he will beinterested in 122,100,000 ordinary shares in the Company, which is approximately40.0% of the issued share capital as enlarged by the Placing. These interestsare held as to 115,300,000 shares through Regency, as to 6,250,000 sharesthrough Starvest plc, and 500,000 shares are held personally. Following the issue of the Placing Shares the Company's total issued sharecapital will be 305,480,832 ordinary shares of 0.1p each. Application has beenmade to the London Stock Exchange for the Placing Shares to be admitted totrading on AIM. Dealings are expected to commence at 8.00 a.m. on 7 May 2008. Enquiries: Andrew Bell 07766 474849 Red Rock Resources plc ChairmanJohn Simpson 020 7512 0191 Blomfield Corporate Nominated Adviser Finance LtdRon Marshman / 020 7628 5518 City of London PR Limited Public RelationsJohn Greenhalgh Updates on the Company's activities are regularly posted on Red Rock's website,www.rrrplc.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Red Rock Resources