RNS - CLNs into 26million new shares22 Aug 2023 15:56
Red Rock Resources PLC
("Red Rock" or the "Company")
Issue of Shares upon Exercise of Convertible Loan Notes
Total Voting Rights
22 August 2023
Red Rock Resources Plc, the natural resource exploration and development company with interests in gold, copper, cobalt, lithium and other minerals, announces that it has received notice of conversion of £52,509.60 of Convertible Loan Notes, inclusive of interest, into 26,000,000 ordinary shares at a price of £0.0020196 per share.
Red Rock also announces the issue of 50m warrants exercisable into new ordinary shares for 2 years at 0.2p to an unsecured lender, subject to a grant of authority at the next General Meeting of the Company.
Admission to Trading on AIM and Total Voting Rights
Application is being made for 26,000,000 Shares to be admitted to trading on AIM, the admission of which it is expected on or around 29 August 2023.
In accordance with the provision of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue of the Shares, its issued ordinary share capital will comprise 2,570,097,791 ordinary shares.