9th Feb 2010 07:00
RED ROCK RESOURCES PLC
Issue of Equity
Dated: 9 February 2010
Red Rock Resources plc ("Red Rock" or the "Company") the mining exploration and development company focussed on advancing iron ore, manganese and uranium projects in Australia and East Africa, announces that YA Global Master SPV, LTD. ('YA Global'), which is advised by Yorkville Advisors LLC, has subscribed for 8,691,020 ordinary shares of 0.1 pence each ('Ordinary Shares') in the Company under the terms of the Standby Equity Distribution Agreement ('SEDA') between Red Rock and YA Global, announced on 1 May 2009, at a price of 1.3807354 pence per Ordinary Share. The proceeds of the subscription are £120,000 before expenses, conditional on the Ordinary Shares being admitted to trading on AIM.
Following the issue of the Shares the Company's total issued ordinary share capital will be 575,044,162 ordinary shares of 0.1p. Application has been made to the London Stock Exchange for the Shares, which rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on 15 February 2010.
Enquiries:
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Red Rock Resources plc |
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Andrew Bell, Chairman |
0207 402 4580/07766 474849 |
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John Watkins |
07768 512404 |
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Nominated Adviser |
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Blomfield Corporate Finance Ltd |
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Peter Trevelyan-Clark/Ben Jeynes |
020 7444 0800 |
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Broker |
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Simple Investments Ltd |
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Nick Emerson, Renato Rufus |
01483 413500 |
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Public Relations |
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Lothbury Financial Limited |
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Ron Marshman |
020 7011 9411 |
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Updates on the Company's activities are regularly posted on its website, www.rrrplc.com.
Related Shares:
Red Rock Resources