Issue of Equity

22 Jan 2010 14:42



RED ROCK RESOURCES PLC

Issue of Equity

Dated: 22 January 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 YA Global Master SPV, LTD. ('YA Global'), which is advised by Yorkville Advisors LLC, has subscribed for 8,085,222 ordinary shares of 0.1 pence each ('Ordinary Shares') in the Company under the terms of the Standby Equity Distribution Agreement ('SEDA') between Red Rock and YA Global, announced on 1 May 2009, at a price of 1.4841893 pence per Ordinary Share. The proceeds of the subscription are £120,000 before expenses, conditional on the Shares being admitted to trading on AIM.

Following the issue of the Shares the Company's total issued ordinary share capital will be 565,153,142 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 28 January 2010.

Enquiries:

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