LONDON (Thomson Financial) - Red Rock Resources Plc. said it has issued 31
.0 million shares at 1.5 pence with the shares expected to start trading on the AIM on May 7.
The mineral exploration and development company said City Equities Ltd. has agreed to subscribe for 12.0 million shares, representing about 3.9 percent of the company's issued share capital, while Wills and Co Stockbrokers have agreed to subscribe for 10.0 million shares.
Regency Mines Plc. has as agreed to subscribe for 8.1 million shares, following which it will hold 115.35 million shares or around 37.8 percent of the issued share capital.
The company also said its Director John Watkins will subscribe for 250,000 shares and will hold 122.1 million shares or about 40.0 percent in Red Rock.
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