Red Rock Resources Regulatory News (RRR)

14 Dec 2009 07:00



RED ROCK RESOURCES PLC

Issue of Equity

Dated: 14 December 2009

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 YA Global Master SPV, LTD. ('YA Global'), which is advised by Yorkville Advisors LLC, has subscribed for 9,202,234 ordinary shares of 0.1 pence each ('Ordinary Shares') in the Company under the terms of the Standby Equity Distribution Agreement ('SEDA') between Red Rock and YA Global, announced on 1 May 2009, at a price of 1.304 pence per Ordinary Share. The proceeds of the subscription are £120,000 before expenses, conditional on the Shares being admitted to trading on AIM.

The Company has also issued 4,365,215 Ordinary Shares to Kansai Mining Corporation at a price of 1.9 pence per Ordinary Share, as the second tranche of the consideration payable for Red Rock's purchase of the interest in the Migori gold property announced on 17 August 2009.

Following the issue of the Shares the Company's total issued ordinary share capital will be 555,817,920 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 17 December 2009.

Enquiries:

Updates on the Company's activities are regularly posted on its website, www.rrrplc.com.