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.
COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.