Red Rock Resources plc Issue of Equity (0010R)
24 Fevereiro 2023 - 7:05AM
UK Regulatory
TIDMRRR
RNS Number : 0010R
Red Rock Resources plc
24 February 2023
24 February 2023
Red Rock Resources PLC
("Red Rock" or the "Company")
Share Issuance
Red Rock Resources Plc (LON:RRR), the natural resource
development company with interests in gold and base metals,
principally in Africa and Australia, announces that the subscriber
under the funding agreement, the details of which were announced to
the market on 15 December 2022 (the "Subscription Announcement"),
has requested that the Company issue 26,753,616 ordinary shares of
GBP0.0001 each ( "Subscription Shares") to the subscriber at a
price of 0.25 pence per Subscription Share ("Purchase Price"). The
Purchase Price has been prepaid by the subscription announced in
the Subscription Announcement ("Initial Subscription").
The Purchase Price has been agreed by reference to the terms of
the Subscription Announcement, and following the issue of
Subscription Shares pursuant to the issue request, it has been
agreed that the subscriber may elect, when requesting an issue of
further shares, for the same Purchase Price to apply in respect of
up to $274,000 of the Initial Subscription amount. In addition, the
Company has agreed to pay the subscriber a variation fee of $78,000
within the next thirty days or, at its election, by way of an
increase in the Initial Subscription amount, in relation to a
variation of the funding agreement with the subscriber.
Admission to Trading on AIM and Total Voting Rights
The Company has applied for admission of the New Ordinary
Shares, which will rank pari passu with existing ordinary shares,
to trading on AIM ("Admission"). Admission is expected on or around
2 March 2023.
Following Admission of the Subscription Shares, the Company's
enlarged issued share capital will comprise 1,367,900,839 ordinary
shares with voting rights. This figure of 1,367,900,839 ordinary
shares may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the share capital of the Company.
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
For further information please visit www.rrrplc.com or contact:
Andrew Bell 0207 747 9990 Chairman Red Rock Resources Plc
Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited
Jason Robertson 0207 374 2212 Broker First Equity Limited
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END
IOESELFSLEDSESE
(END) Dow Jones Newswires
February 24, 2023 05:05 ET (10:05 GMT)
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