Last checked at 30 Mar 2010 12:25
RED ROCK RESOURCES PLC
Completion of Acquisition and Issue of Equity
Dated: 30 March 2010
Red Rock Resources plc ("Red Rock" or the "Company") the mining exploration and development company focussed on advancing iron ore, manganese and uranium projects in Australia and East Africa, announces that it has issued 5,064,645 new ordinary shares of 0.1 pence each ('Ordinary Shares') in the Company at a price of 2.68 pence per Ordinary Share, conditional on the Shares being admitted to trading on AIM (the "Issue").
Of the Issue, 4,005,970 Ordinary Shares are being issued to Kansai Mining Corporation as the third and final tranche of the Consideration for the purchase of Red Rock's interest in the Migori gold property announced by the Company on 17 August 2009. The balance of the Issue, being 1,058,675 new Ordinary Shares, have been issued in satisfaction on advisers' fees.
Following the Issue, the Company's total issued ordinary share capital will be 580,108,812 ordinary shares of 0.1p. Application has been made to the London Stock Exchange for the Shares, which 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 7 April 2010.
Enquiries:
| Red Rock Resources plc | | | |
| Andrew Bell, Chairman | 0207 402 4580/07766 474849 | | |
| John Watkins | 07768 512404 | | |
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| Nominated Adviser | | | |
| Religare Capital Markets | | | |
| Peter Trevelyan-Clark/Ben Jeynes | 020 7444 0800 | | |
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| Broker | | | |
| Simple Investments Ltd | | | |
| Nick Emerson, Renato Rufus | 01483 413500 | | |
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| Public Relations | | | |
| Lothbury Financial Limited | | | |
| Ron Marshman | 020 7011 9411 | | |
Updates on the Company's activities are regularly posted on its website, www.rrrplc.com.