If you would like to learn more about future focusIR related events and roundtables, please submit your details here

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
0.021    0.00 (0.00%)
Bid:
0.02
Ask:
0.022
Spread: 0.002 (10.00%)
Market Cap: £2.01m
RRR Live PriceLast checked at - London Stock Exchange

Intraday Red Rock Resources Share Chart

Placing

21 Jan 2014 07:00

RNS Number : 1068Y
Red Rock Resources plc
21 January 2014
 

Red Rock Resources Plc

("Red Rock" or the "Company")

Placing

21 January 2014

Red Rock announces that it has completed a placing with clients of Cornhill Capital Ltd. ('Cornhill') and others of 76,595,744 ordinary shares of 0.1 pence each ("Shares") in the Company at a price of 0.47p per Share (the "Placing"). For every two Shares subscribed under the Placing, each placee will receive one warrant to subscribe for a Share within 18 months of issue at a price of 0.6p per Share. The gross proceeds of the Subscription are £360,000.

 

53,617,021 Shares have been placed by Cornhill with certain private and fund clients.

 

Of the balance, Regency Mines plc will subscribe for 21,914,893 Shares in satisfaction of recharges of shared costs and Andrew Bell, a director of the Company, will subscribe for 1,063,830 Shares.

 

Following the Placing, Regency Mines plc holds 167,679,559 Shares (10.98%), and Andrew Bell holds 2,110,734 Shares, of which 1,063,830 are held directly and 1,046,904 are held indirectly (906,904 by the Share Incentive Plan Trustees and 140,000 by Beaufort Nominees Ltd).

 

The proceeds of the Placing are being applied towards repayments and working capital.

 

Following the Placing, the Company's total issued ordinary share capital will be 1,527,166,289 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 24 January 2014.

 

 

 

For further information contact:

 

Andrew Bell0207 747 9990 or 0776 647 4849 Chairman Red Rock Resources plc

Colin Aaronson / David Hignell 0207 383 5100 NOMAD Grant Thornton UK LLP

Nick Emerson 01483 413500 Broker SI Capital Ltd.

Guy Wheatley 0207 382 8416 Joint Broker Beaufort Securities Ltd

Rupert Trefgarne 0203 128 8817 Media Relations MHP Communications

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IOEVBLFLZFFXBBK
Date   Source Headline
30th Jul 20103:00 pmRNSTotal Voting Rights
29th Jul 20102:25 pmRNSUpdate
7th Jul 201011:58 amRNSIssue of Equity
6th Jul 20101:50 pmRNSRe Jupiter Mines Limited
5th Jul 201010:48 amRNSColombia Update
30th Jun 20103:00 pmRNSTotal Voting Rights
28th Jun 20106:05 pmRNSDirector/PDMR Shareholding
25th Jun 20109:47 amRNSDirector/PDMR Shareholding
24th Jun 20102:00 pmRNSMigori: Sample Results from the Macalder Gossan
22nd Jun 201010:18 amRNSFurther re Jupiter Mines Limited
21st Jun 20109:51 amRNSJupiter update
15th Jun 201012:25 pmRNSDirector/PDMR Shareholding
10th Jun 201012:04 pmRNSFunding and Co-Operation Agreement, Colombia
1st Jun 20105:52 pmRNSIssue of Equity
18th May 20107:00 amRNSExploration Update Migori
28th Apr 20105:32 pmRNSLoan Agreement
26th Apr 20107:00 amRNSDrilling Update: Migori
31st Mar 20103:00 pmRNSTotal Voting Rights
31st Mar 20107:00 amRNSHalf Yearly Report
30th Mar 201012:25 pmRNSCompletion of Acquisition and Issue of Equity
16th Mar 201010:01 amRNSResource Star Limited - Joint Venture
15th Mar 20107:00 amRNSMigori Update
1st Mar 20107:52 amRNSTotal Voting Rights
1st Mar 20107:41 amRNSRE Jupiter Mines Limited and Resource Star
25th Feb 201010:35 amRNSResource Star Reinstated to ASX
25th Feb 20107:00 amRNSRe: Jupiter Mines
19th Feb 201010:43 amRNSUpdate on Resource Star Share Offer
9th Feb 20107:00 amRNSIssue of Equity
3rd Feb 20107:00 amRNSAnnouncement re Pallinghurst Resources
1st Feb 20105:20 pmRNSOption Exercise, Director Dealing
29th Jan 20102:15 pmRNSTotal Voting Rights
29th Jan 20102:00 pmRNSOption Exercise, Director Dealing
22nd Jan 20102:42 pmRNSIssue of Equity
22nd Jan 20101:49 pmRNSUpdate on Resource Star Share Offer
22nd Jan 201012:49 pmRNSExercise of Options
14th Jan 20107:00 amRNSUpdate on Migori and Resource Star Limited
4th Jan 20103:00 pmRNSTotal Voting Rights
23rd Dec 200912:46 pmRNSAGM Statement
14th Dec 20097:00 amRNSIssue of Equity
10th Dec 20097:00 amRNSJupiter Mt Ida Update
9th Dec 200911:42 amRNSJupiter Sampling Results
3rd Dec 20097:00 amRNSAcquisition of Further Migori Interest
30th Nov 20094:32 pmRNSTotal Voting Rights
30th Nov 20094:16 pmRNSEquity issue, further re Migori and Jupiter
26th Nov 200912:42 pmRNSMigori and RSL update
25th Nov 200911:57 amRNSResource Star Ltd announcement
24th Nov 200911:55 amRNSFinal Results for the year ended 30 June 2009
20th Nov 20095:44 pmRNSHolding(s) in Company
20th Nov 20097:00 amRNSIssue of Equity
16th Nov 20095:37 pmRNSIssue of Equity

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.