Business
Ascot Mining plc and Move to
Ascot Mining plc and Move to.
About this update from Red Rock Resources Plc
[{"type":"text","content":"\n RNS Number : 9638W Red Rock Resources plc 29 November 2010 \n \n\nRED ROCK RESOURCES PLC\n \nAscot Mining plc and Movement to SETS\n \nDated: 29 November 2010\n \nRed Rock Resources plc (\"Red Rock\" or the \"Company\"), the gold mining and exploration company with projects in Kenya and Colombia, and interests in steel feed, uranium, and rare earths notes this morning's announcement by Red Rock investee company Ascot Mining plc (\"Ascot\") in which Ascot announced the completion of its purchase of 100% of the Chassoul Gold Mine. The full text of the announcement made by Ascot can be viewed at:\n \nhttp://www.plusmarketsgroup.com/PLUS_news_story.shtml?NewsID=3916081&ISIN=GB00B2QH7M99/GBX/PLUS-exn \n \nRed Rock's interest in Ascot is held by way of 10% convertible loan notes 2015, convertible at any time at Red Rock's discretion into new Ascot ordinary shares at 20 pence per share. In addition Red Rock holds 740,000 Ascot ordinary shares and has warrants to subscribe for a further 10,300,000 additional new Ascot ordinary shares at an exercise price of 20 pence per new Ascot ordinary share, valid for 5 years. Ascot is quoted on the PLUS-quoted market, an exchange regulated market operated in London by PLUS Markets plc, where it trades under the stock code ASMP, and is traded on XETRA and PLUS.\n \nThe Company is also pleased to announce that its ordinary shares are, from today, now traded on SETS (Stock Exchange Trading System), the London Stock Exchange's flagship electronic order book.\n \nEnquiries:\n \n\n\n\n\nAndrew Bell\n\n\n0207 402 4580 or \n07766 474849\n \n\n\nRed Rock Resources plc\n\n\nChairman\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSandra Spencer\n\n\n0207 402 4580 or\n07757 660 798\n\n\nRed Rock Resources plc\n\n\nPublic and Investor Relations\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \nPeter Trevelyan-Clark/ Ben Jeynes\n\n\n \n020 7444 0800\n\n\n \nReligare Capital Markets\n\n\n \nNominated Adviser\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \nNick Emerson\n\n\n \n01483 413500\n\n\n \nSimple Investments Ltd\n\n\n \nBroker\n\n\n\n\n \nUpdates on the Company's activities are regularly posted on its website, www.rrrplc.com.\n \n \n \n\nThis information is provided by RNSThe company news s...