RMP.L Regulatory News (RMP)

15 January 2019

Red Emperor Resources NL 

COMPLETION OF PLACING, ASX LISTING RULE 3.10.5A DISCLOSURES AND APPENDIX 3B

The Board of Red Emperor Resources NL (ASX/AIM: RMP) ("RMP", "Red Emperor" or the "Company"), is pleased to announce that the Company has today issued 100,000,000 fully paid new ordinary shares of no par value each in the capital of the Company at an issue price of A$0.05 (2.8 pence) per share in respect of the placing announced on 8 January 2019 (the "Placing"). The Placing raised, in aggregate, A$5.0m (approximately £2.8m) before expenses, from certain new and existing institutional and sophisticated investors in the UK and Australia.

ASX LISTING RULE 3.10.5A DISCLOSURES

The Company provides the following disclosures pursuant to ASX Listing Rules 3.10.5A and 7.1A.4(b):

a) The Company issued 42,529,278 of the abovementioned 100,000,000 new ordinary shares under Listing Rule 7.1A resulting in the following dilution to pre-existing holders of ordinary shares:

§ The number of fully paid ordinary shares on issue prior to the Placing was 425,292,776.

§ The number of fully paid ordinary shares on issue following the completion of the Placing is 525,292,776.

§ The percentage of voting dilution due to the 42,529,278 new ordinary shares issued under LR7.1A is therefore 8.10%, with the total dilution due to the Placing being 19.04%.

b) The Company issued the new ordinary shares by way of a placing to certain new and existing institutional and sophisticated investors as this was considered to be the most expedient mechanism for raising funds in a timely manner. The Company is grateful for the continued support of its long-term shareholders.

c) No underwriting agreements were entered into with respect to the Placing.

d) The Company's UK Broker, Brandon Hill Capital, and Australian Broker and Corporate Adviser, 708 Capital Pty Ltd and Max Capital, will be paid a fee equivalent to 6% of the gross proceeds from the Placing. In addition, the Company has today issued, in aggregate, 6,000,000 unlisted options to the aforementioned brokers and corporate adviser, exercisable at a price of A$0.05 (2.8 pence) per new ordinary share, for a period of 36 months from their date of issue.

An Appendix 3B pursuant to the ASX Listing Rules, with respect to the issue of the shares and unlisted options pursuant to the Placing is available to view at: http://www.rns-pdf.londonstockexchange.com/rns/1301N_1-2019-1-15.pdf

For further information, please visit www.redemperorresources.com or contact:

About Red Emperor Resources NL

Red Emperor Resources NL is an Australian natural resource exploration company listed on both the Australian Securities Exchange (ASX: RMP) and the AIM Market (AIM: RMP). Red Emperor has oil and gas interests on the Alaska North Slope and in South East Asia.