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0.0245    -0.0005 (-2.00%)
Bid:
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0.026
Spread: 0.003 (13.043%)
Market Cap: £2.35m
RRR Live PriceLast checked at - London Stock Exchange

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Convertible Bond Conversion

9 Oct 2013 16:43

RNS Number : 1476Q
Red Rock Resources plc
09 October 2013
 

Red Rock Resources Plc

("Red Rock" or the "Company")

Convertible Bond Conversion

9 October 2013

Red Rock announces that YA Global Master SPV, Ltd. ('YA Global'), which is advised by Yorkville Advisors LLC ('Yorkville'), has converted £261,311.44 in unsecured Convertible Bonds 2014 into 27,454,448 ordinary shares of 0.1 pence each ("Shares") in the Company under the terms of the Convertible Bond Instrument ("Convertible") as announced on 18 September 2013, at a price of £0.009518 per Share.

 

Following the Subscription, the Company's total issued ordinary share capital will be 1,405,570,545 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 15 October 2013.

 

 

For further information contact:

 

Andrew Bell 0207 747 9990 or 0776 647 4849

Chairman Red Rock Resources plc

Sandra Spencer 0207 747 9990 or 0775 766 0798

Investor Relations Red Rock Resources plc

Colin Aaronson / David Hignell 020 7383 5100

NOMAD Grant Thornton UK LLP

Nick Emerson 01483 413500

Rupert Trefgarne 0203128 8817

Broker SI Capital Ltd

Media Relations MHP Communications

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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