Red Rock Resources Regulatory News (RRR)

21 Nov 2008 09:35

RED ROCK RESOURCES PLC

Further re Issue of Equity

Dated: 21 November 2008

Further to the announcements made on 11 and 13 November 2008 relating to the issue of 116,000,000 new ordinary shares of 0.1p each in the capital of Red Rock Resources plc ("Red Rock" or the "Company") at 0.5p per share, the Company has, after further consultation with The Panel on Takeovers and Mergers, reduced the number of shares being issued to 68 million new ordinary shares (the "Placing Shares"), raising £340,000 before expenses. The issue is conditional on the Placing Shares being admitted to trading on AIM.

Wills & Co Stockbrokers Ltd have agreed to subscribe for 40,000,000 Placing Shares. Following the subscription, Wills & Co Stockbrokers Ltd will be interested in 40,000,000 shares, amounting to approximately 9.9% of the issued share capital of the Company as enlarged by the placing.

Equity Resources plc, a company of which John Watkins (a director of the Company) is a director, has agreed to subscribe for 10,000,000 Placing Shares. Following the subscription, Equity Resources plc will be interested 10,000,000 shares, amounting to approximately 2.5% of the issued share capital of the Company as enlarged by the placing.

Regency Mines plc, a company of which Mr. Andrew Bell and Mr. John Watkins and Mr. Ken Watson (all directors of the Company) are directors, currently is interested in 127,350,000 ordinary shares representing approximately 37.7% of the Company's current issued share capital. Regency Mines plc has agreed to subscribe for 6,000,000 Placing Shares. Following the subscription, Regency Mines plc will be interested in 133,350,000 Shares, amounting to approximately 32.9% of the issued share capital of the Company as enlarged by the placing.

Starvest plc, a company of which John Watkins is a director, has agreed to subscribe for 2,400,000 Placing Shares and will be interested in 8,650,000 ordinary shares amounting to approximately 2.1% of the issued share capital of the Company as enlarged by the placing.

Mr. John Watkins has agreed to subscribe for 1,000,000 Placing Shares. Following the subscription, he will be beneficially interested in 1,500,000 ordinary shares representing approximately 0.37% of the issued share capital of the Company as enlarged by the placing. John Watkins is also a director of, but does not control, each of Regency Mines plc, Equity Resources plc and Starvest plc who will following the completion of the placing be interested in 153,500,000 ordinary shares in aggregate, amounting to approximately 37.9% of the issued share capital of the Company as enlarged by the placing.

Following the issue of the Placing Shares the Company's total issued share capital will be 405,480,832 ordinary shares of 0.1p. Application has been made made to the London Stock Exchange for the Placing 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 November 2008.

The issue of warrants as described in the announcement of 11 November 2008 will not now be proceeding.

Enquiries:

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