This announcement replaces the announcement "Extension of Convertible Notes, Issue of Shares" published at 08.40 on 23/08/2024 with RNS number 5877B. In that announcement in the sentence relating to an extension fee, the amount of the net rolled over amount of 5% was omitted in error. All other text remains the same.
Red Rock Resources PLC
("Red Rock" or the "Company")
Extension of Convertible Notes
Issue of Shares
23 August 2024
Red Rock Resources Plc, the natural resource development company with interests in gold and base metals, principally in
Extension of Notes and Issue of Shares
The Company announces, further to the announcement of 7 August 2023, that the Note holders have agreed to extend the term and conversion rights of the Notes to 18 November 2024.
The total amount of Notes outstanding immediately following the term extension is
The Note conversion price is adjusted to 0.095p per Share, and the exercise price of the accompanying Warrants to 0.11875p per Share.
An extension fee has been charged as follows: the Company will grant each Note holder new warrants with a three year life exercisable at 0.11875p per Share in the amount of 5% of the net rolled over amount including capitalised interest attributable to that Note holder.
Admission to Trading on AIM and Total Voting Rights
Application is being made for 129,628,588 Shares to be admitted to trading on AIM, the admission of which it is expected on or around 30 August 2024.
In accordance with the provision of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue of the Placing Shares, its issued ordinary share capital will comprise 4,959,893,598 ordinary shares.
All of the ordinary shares have equal voting rights and none of the ordinary shares are held in Treasury. The total number of voting rights in the Company will therefore be 4,959,893,598. The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or change to their interest in, the Company.
For further information, please contact:
Andrew Bell 0207 747 9990 Chairman Red Rock Resources Plc
Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited
Bob Roberts 0203 8696081 Broker Clear Capital Corporate Broking
This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU, which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310) and is disclosed in accordance with the Company's obligations under Article 17.
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.
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