20th Nov 2009 07:00
RED ROCK RESOURCES PLC
Issue of Equity
Dated: 20 November 2009
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, yesterday subscribed for 7,376,177 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 1.36 pence per Ordinary Share. The proceeds of the subscription are approximately £100,000 before expenses, conditional on the Shares being admitted to trading on AIM.
Following the issue of the new Ordinary Shares the Company's total issued ordinary share capital will be 515,350,471 ordinary shares of 0.1p. Application has been made to the London Stock Exchange for the new Ordinary Shares, which rank pari passu with the Company's existing issued ordinary share capital, to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on 25 November 2009.
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/John Greenhalgh |
020 7011 9411 |
Updates on the Company's activities are regularly posted on its website, www.rrrplc.com.
Related Shares:
Red Rock Resources