Loan settled16 Jul 2024 13:02
Red Rock Resources PLC
("Red Rock" or the "Company")
Share Subscription
4 July 2024
Red Rock Resources Plc, the natural resource exploration and development company with interests in gold, base metals, battery metals, and hydrocarbons principally in Africa and Australia, announces the issue of 405,175,088 new Ordinary Shares ("Shares") in Red Rock at a subscription price of 0.045 pence per Share pursuant to a subscription in conversion of Β£182,328.79 of debt.
Company Chairman Andrew Bell states: "A shareholder and lender to Red Rock has converted Β£182,328.79 debt into shares which he has confirmed to us he intends to hold in his ISA account for the long term. He has also indicated his support in respect of his remaining lending. We appreciate his longstanding support for the Company and its prospects."
Admission to Trading on AIM and Total Voting Rights
Application is being made for 405,175,088 Shares to be admitted to trading on AIM, the admission of which it is expected on or around 10 July 2024.
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 Placing Shares, its issued ordinary share capital will comprise 4,785,820,566 ordinary shares.