Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRed Rock Resources Regulatory News (RRR)

Share Price Information for Red Rock Resources (RRR)

Share Price is delayed by 15 minutes
Get Live Data
0.0245    -0.0005 (-2.00%)
Bid:
0.023
Ask:
0.026
Spread: 0.003 (13.043%)
Market Cap: £2.35m
RRR Live PriceLast checked at - London Stock Exchange

Intraday Red Rock Resources Share Chart

Bond repayment, convertible bond conversion

16 Apr 2015 11:58

RNS Number : 4361K
Red Rock Resources plc
16 April 2015
 

Red Rock Resources Plc

("Red Rock" or the "Company")

Repayment of Bond Instrument and Convertible Note Conversion

15 April 2015

Red Rock announces that it today liquidated and repaid in full UK Bond Network ("UKBN"), comprising outstanding bonds as originally announced on 20 December 2013. The total gross payment, including accrued interest, was £400,110, with the net figure being £208,388 after taking into account the amount placed in escrow.

 

The Company further announces that MG Partners II Ltd., which is an affiliate of Magna, has converted $100,000 of its outstanding balance of $215,000 unsecured Convertible Notes, which are due for repayment on 1 January 2016, into 99,654,527 ordinary shares ("Conversion Shares") in the Company under the terms of the Convertible Note Instrument ("Convertible") as announced on 6 January 2015, at a price of £0.0006837 per Conversion Share (the "Conversion").

 

This Conversion of 99,654,527 ordinary shares in the Company represents 2.19% of the Company's enlarged ordinary issued share capital.

 

Following issue of the Conversion Shares, the Company's enlarged issued ordinary share capital will consist of 4,543,827,790 ordinary shares of 0.01p each. Application has been made to the London Stock Exchange for the Conversion Shares, which on Admission will rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on 22 April 2015.

 

Chairman Andrew Bell comments:

 

"The repayment of UKBN bonds and the Magna conversion puts us in good stead for taking advantage of future opportunities. Ongoing trading volumes indicate substantial interest in Red Rock and its future prospects."

 

 

For further information contact:

 

Andrew Bell 0207 747 9990 or 0776 647 4849 Chairman Red Rock Resources Plc

Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited

Jason Robertson 0129 351 7744 Broker Dowgate Capital Stockbrokers Ltd

Christian Pickel0203 128 8208 Media Relations MHP Communications

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUNVRRVWASAAR
Date   Source Headline
4th Feb 20192:05 pmRNSSecond Price Monitoring Extn
4th Feb 20192:00 pmRNSPrice Monitoring Extension
1st Feb 20195:29 pmRNSHolding(s) in Company
30th Jan 20197:00 amRNSUpdate
2nd Jan 20191:18 pmRNSConvertible Loan Notes
27th Dec 20184:07 pmRNSHolding(s) in Company
21st Dec 20186:24 pmRNSHolding(s) in Company
21st Dec 201810:33 amRNSReplacement: exploration results at Luanshimba
20th Dec 20183:55 pmRNSExploration results at Luanshimba
19th Dec 20181:27 pmRNSResult of AGM
19th Dec 20187:00 amRNSUpdate on Jupiter Mines
19th Dec 20187:00 amRNSCobalt/Copper Joint Venture - Congo
11th Dec 20182:52 pmRNSHolding(s) in Company
23rd Nov 20182:34 pmRNSAnnual Financial Report 2018
22nd Nov 201811:59 amRNSCobalt/Copper Joint Venture - Congo
7th Nov 20184:34 pmRNSHolding(s) in Company
5th Nov 20181:04 pmRNSHolding(s) in Company
2nd Nov 20187:00 amRNSRenewal of Convertible 10% Loan Notes
30th Oct 20185:22 pmRNSHolding(s) in Company
22nd Oct 20187:00 amRNSSettlement of Legal Proceedings
17th Oct 20187:00 amRNSExploration Programme for copper and cobalt in DRC
12th Oct 20187:00 amRNSReceipt of Dividend from Jupiter Mines
28th Sep 201812:26 pmRNSHolding(s) in Company
28th Sep 20187:00 amRNSUpdate
17th Sep 20187:00 amRNSDividend declaration by Jupiter Mines
30th Aug 201812:25 pmRNSUpdate on JV Agreement to develop tailings
2nd Aug 20184:57 pmRNSHolding(s) in Company
23rd Jul 20187:00 amRNSCommercial Ferrosilicon Production at Steelmin
20th Jul 20181:04 pmRNSHolding(s) in Company
18th Jul 20185:13 pmRNSHolding(s) in Company
5th Jul 20182:59 pmRNSHolding(s) in Company
4th Jul 20181:31 pmRNSHolding(s) in Company
18th Jun 201811:22 amRNSAnnouncement by Jupiter Mines
15th Jun 20187:00 amRNSProgress Report - African Exploration Assets
7th Jun 20182:22 pmRNSColombia Update
6th Jun 20184:44 pmRNSHolding(s) in Company
30th May 20187:00 amRNSSteelmin Update
1st May 20186:16 pmRNSTotal Voting Rights
30th Apr 20186:34 pmRNSJupiter Mines - Preliminary Results
20th Apr 20185:53 pmRNSExercise of Warrants and Total Voting Rights
19th Apr 20184:29 pmRNSHolding(s) in Company
17th Apr 20184:01 pmRNSHolding(s) in Company
17th Apr 201810:45 amRNSJupiter - Listing Update &Tshipi Year End Results
17th Apr 20187:00 amRNSJupiter Mines - ASX Listing
13th Apr 20181:44 pmRNSExercise of Warrants and Total Voting Rights
6th Apr 20187:00 amRNSIssue of Shares under Share Incentive Plan
3rd Apr 20185:02 pmRNSTotal Voting Rights
29th Mar 20187:00 amRNSProgress report of Cobalt Project due Diligence
28th Mar 20185:16 pmRNSChange of Registered Office
26th Mar 20187:00 amRNSUnaudited Half-year Report to 31 December 2017

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.