22 Jan 2010 12:49
RED ROCK RESOURCES PLC
Exercise of Options and Issue of Equity
Dated: 22 January 2010
Red Rock Resources PLC ("Red Rock" or the "Company") has been notified that John Watkins, a Director of the Company, has yesterday exercised 500,000 options to subscribe for Ordinary Shares in the Company at a price of 1 pence per share ("New Ordinary Shares"), and Michael Nott, a Director of the Company, has yesterday exercised 750,000 options to subscribe for New Ordinary Shares at a price of 1 pence per share.
As a result of this exercise of options, John Watkins directly holds 2,000,000 Ordinary Shares in the Company, and Michael Nott holds 750,000 Ordinary Shares in the Company.
In addition to their interests in the Ordinary Share Capital of the Company stated above, Mr Watkins and Mr Nott remain interested in the following options to subscribe for the Company's Ordinary Shares.
| Number of Options | Expiry Date | Exercise Price | |
| Michael Nott | 750,000 | 31 May 2011 | 1.25 pence |
| 1,000,000 | 11 May 2012 | 3.5 pence | |
| John Watkins | 500,000 | 31 May 2011 | 1.25 pence |
| 750,000 | 11 May 2012 | 3.5 pence |
Application will been made for the New Ordinary Shares, which rank pari passu with the Company's existing issued ordinary share capital, to be admitted to trading on AIM. It is expected that the admission of the New Ordinary Shares to trading on AIM will occur on 28 January 2010.
Following the issue and allotment of the new Ordinary Shares, the Company will have 557,067,920 ordinary shares in issue.
Enquiries:
| Red Rock Resources plc | |||
| Andrew Bell, Chairman | 0207 402 4580/07766 474849 | ||
| John Watkins | 07768 512404 | ||
| Nominated Adviser | |||
| Blomfield Corporate Finance Ltd | |||
| 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.
Red Rock Resources (RRR)