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Red Rock Resources RRR Issue of Equity

  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 


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. 




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
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
IOEFEFFFFFESEFF -0- Nov/21/2012 11:15 GMT
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