Red Rock Resources plc Issue of Equity and Total Voting Rights (4559D)

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RNS Number : 4559D

Red Rock Resources plc

21 June 2023

Red Rock Resources Plc

("Red Rock" or the "Company")

Issue of Shares and Total Voting Rights

21 June 2023

Red Rock Resources Plc, the natural resource exploration and development company with interests in gold, copper, cobalt, lithium and other minerals, announces that the Company has issued a total of 199,563,030 new ordinary shares of GBP0.0001 each in the Company ("Shares"), in settlement of GBP236,032.38 debt and related fees at an average price of 0.1182746 pence per Share ("Issue").

Details of the Issue

The Issue comprises the following:

1. the issue of 65,876,152 Shares to Riverfort Global Opportunities PCC LTD in repayment of GBP75,000 principal at a price of GBP0.0011385 per Share;

2. the issue of 23,657,440 Shares, at a price of GBP0.0016908 per Share, to Riverfort Global Opportunities PCC Ltd in relation to the consent fee of GBP40,000 as per the Deed of Consent, dated 19 January 2023, between Riverfort Global Opportunities PCC Ltd and Red Rock; and

3. the issue of 110,029,438 Shares at GBP0.001100 per Share to Diversified Metals Holdings LLC, as per the Settlement Notice, dated 19 June 2023 in repayment of GBP121,032.38.

Following the Issue, the amount of outstanding debt due to Diversified Metals Holdings LLC is zero and the amount of outstanding debt due to Riverfort Global Opportunities PCC Ltd is under GBP60,000 and will be settled in cash.

Admission to Trading on AIM and Total Voting Rights

Application is being made for 199,563,030 Shares to be admitted to trading on AIM, the admission of which it is expected on or around 27 June 2023.

Following admission of the Shares, the Company's total issued share capital will consist of 2,305,597,791 ordinary shares, with one voting right per share. The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company will be 2,305,597,791 ordinary shares. This 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 share capital of the Company under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.

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

Jason Robertson 0207 374 2212 Joint Broker First Equity Limited

Bob Roberts 0203 8696081 Joint 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.

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June 21, 2023 05:16 ET (09:16 GMT)

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