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Pin to quick picksRed Rock Resources Regulatory News (RRR)

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Completion of Acquisition and Issue of Equity

30 Mar 2010 12:25

RNS Number : 4211J
Red Rock Resources plc
30 March 2010
 



RED ROCK RESOURCES PLC

Completion of Acquisition and Issue of Equity

Dated: 30 March 2010

 

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 it has issued 5,064,645 new ordinary shares of 0.1 pence each ('Ordinary Shares') in the Company at a price of 2.68 pence per Ordinary Share, conditional on the Shares being admitted to trading on AIM (the "Issue").

 

Of the Issue, 4,005,970 Ordinary Shares are being issued to Kansai Mining Corporation as the third and final tranche of the Consideration for the purchase of Red Rock's interest in the Migori gold property announced by the Company on 17 August 2009. The balance of the Issue, being 1,058,675 new Ordinary Shares, have been issued in satisfaction on advisers' fees.

 

Following the Issue, the Company's total issued ordinary share capital will be 580,108,812 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 7 April 2010.

 

Enquiries:

 

Red Rock Resources plc
 
 
 
Andrew Bell, Chairman
0207 402 4580/07766 474849
 
 
John Watkins
07768 512404
 
 
 
 
 
 
Nominated Adviser
 
 
 
Religare Capital Markets
 
 
 
Peter Trevelyan-Clark/Ben Jeynes
020 7444 0800
 
 
 
 
 
 
Broker
 
 
 
Simple Investments Ltd
 
 
 
Nick Emerson, Renato Rufus
01483 413500
 
 
 
 
 
 
Public Relations
 
 
 
Lothbury Financial Limited
 
 
 
Ron Marshman
020 7011 9411
 
 
 

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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