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Ascot Mining plc and Move to SETS

29 Nov 2010 12:21

RNS Number : 9638W
Red Rock Resources plc
29 November 2010
 



RED ROCK RESOURCES PLC

 

Ascot Mining plc and Movement to SETS

 

Dated: 29 November 2010

 

Red Rock Resources plc ("Red Rock" or the "Company"), the gold mining and exploration company with projects in Kenya and Colombia, and interests in steel feed, uranium, and rare earths notes this morning's announcement by Red Rock investee company Ascot Mining plc ("Ascot") in which Ascot announced the completion of its purchase of 100% of the Chassoul Gold Mine. The full text of the announcement made by Ascot can be viewed at:

 

http://www.plusmarketsgroup.com/PLUS_news_story.shtml?NewsID=3916081&ISIN=GB00B2QH7M99/GBX/PLUS-exn 

 

Red Rock's interest in Ascot is held by way of 10% convertible loan notes 2015, convertible at any time at Red Rock's discretion into new Ascot ordinary shares at 20 pence per share. In addition Red Rock holds 740,000 Ascot ordinary shares and has warrants to subscribe for a further 10,300,000 additional new Ascot ordinary shares at an exercise price of 20 pence per new Ascot ordinary share, valid for 5 years. Ascot is quoted on the PLUS-quoted market, an exchange regulated market operated in London by PLUS Markets plc, where it trades under the stock code ASMP, and is traded on XETRA and PLUS.

 

The Company is also pleased to announce that its ordinary shares are, from today, now traded on SETS (Stock Exchange Trading System), the London Stock Exchange's flagship electronic order book.

 

Enquiries:

 

Andrew Bell

0207 402 4580 or

07766 474849

 

Red Rock Resources plc

Chairman

 

Sandra Spencer

0207 402 4580 or

07757 660 798

Red Rock Resources plc

Public and Investor Relations

 

Peter Trevelyan-Clark/ Ben Jeynes

 

020 7444 0800

 

Religare Capital Markets

 

Nominated Adviser

 

Nick Emerson

 

01483 413500

 

Simple Investments Ltd

 

Broker

 

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

 

 

 

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