Red Rock Resources (RRR) - Issue of Equity RNS Number : 6792R Red Rock Resources plc 21 November 2012 Red Rock Resources Plc ("Red Rock" or the "Company") Placement of Shares 21 November 2012 Red Rock Resources plc ("Red Rock" or the "Company") announces that it has placed 60,000,000 new ordinary shares of 0.1p each (the "Ordinary Shares") with institutional and private clients, representing approximately 5.8% of the Company's issued share capital at a price of 1.0 pence per share to raise £600,000 (the "Placing"). Credit Suisse Nominees (UK) Ltd. will hold 4.385% of the Company's issue shared capital upon completion of the placing, with other placees holding the balance. Along with the Placing, investors shall be entitled to receive 1/3^rd of a warrant for each ordinary share entitling the warrantholders to subscribe for a maximum of 20,000,000 ordinary shares at an exercise price of 1.5 pence over a subscription period of eighteen months. The net proceeds of the Placing will be applied towards the Company's Kenyan gold exploration activities, work supporting definition of an iron ore mineral resource estimate in Greenland and on-going working capital requirements. Application will be made to the London Stock Exchange for the 60,000,000 Ordinary 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 or around 26 November 2012, following which the Company's total issued ordinary share capital will be 1,026,137,800 ordinary shares of 0.1p. Enquiries: Andrew Bell 020 7402 4580 or Red Rock Resources plc Chairman 07766 474849 Sandra Spencer 020 7402 4580 or Red Rock Resources plc Press Relations 07757 660 798 Gerry Beaney 020 7383 5100 Grant Thornton Corporate Nominated Adviser Finance Daniela Amihood Nick Emerson 01483 413500 Simple Investments Ltd Broker This information is provided by RNS The company news service from the London Stock Exchange END IOEFEFFFFFESEFF -0- Nov/21/2012 11:15 GMT
Red Rock Resources RRR Issue of Equity
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