Business
Issue of Equity and Warrants and update on DRC
Issue of Equity and Warrants and update on DRC.
About this update from Red Rock Resources Plc
[{"type":"text","content":"\n\nRed Rock Resources PLC\n(\"Red Rock\" or the \"Company\")\nIssue of Shares and Warrants\nUpdate on DRC\n \n15 May 2025\n \nRed Rock Resources Plc, the natural resource exploration and development company with interests in gold, base metals, battery metals, and hydrocarbons, principally in Africa and Australia, announces the issue for cash of 57,142,856 new ordinary shares of 0.01 pence each in the Company (\"Shares\") at a subscription price of 0.035 pence per Share with accompanying 57,142,856 warrants, of which 14,285,714 warrants expire on 9 March 2028 and 42,857,142 warrants expire on 18 May 2028, exercisable at a price of 0.040 pence per Share, pursuant to conversion of advances.\n \nThe Chairman is flying to Kinshasa, DRC, for arrangements in connection with the Company's arbitration and litigation. Further announcements will be made as appropriate.\n \nAdmission to Trading on AIM and Total Voting Rights\n \nApplication is being made for 57,142,856 Shares to be admitted to trading on AIM, the admission of which it is expected on or around 21 May 2025.\n \nIn accordance with the provision of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue of Shares, its issued ordinary share capital will comprise 7,154,032,374 ordinary shares.\n \nAll 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 7,154,032,374. 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.\n \n \nFor further information, please contact:\nAndrew Bell 0207 747 9990 Chairman Red Rock Resources Plc\nRoland Cornish/ Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited\nBob Roberts 0203 8696081 ...