Red Rock Resources
PLC
("Red Rock" or the
"Company")
Completion of
Purchase
Issue of Shares and other
Consideration, Total Voting Rights
19
June 2024
Red 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, further to the
announcement of 12th June 2024, that it has fulfilled
the Completion obligations under the Agreement to take 100% ownership of its Australian Gold
Subsidiary, New Ballarat Gold Corporation Plc ("NBGC") and its subsidiary Red
Rock Australasia Pty Ltd ("RRAL").
The Company has issued 166,666,667
new Ordinary Shares ("Shares") in Red Rock to Power Metal
Resources PLC ("POW")as
well as a £250,000 Convertible Loan Note and 100,000,000 Warrants
exercisable into new Ordinary Shares for 3 years at a price of 0.15
pence per Share.
Red
Rock CEO Andrew Bell comments: "With Red Rock Australasia
Pty Ltd now a wholly owned subsidiary, new exploration
activities in the east of our
licences at Kilmore are already being planned, across the boundary
from Southern Cross Gold's exploration at Sunday Creek."
Admission to Trading on AIM and Total Voting
Rights
Application is being made for
166,666,667 Shares to be admitted to trading on AIM, the admission
of which it is expected on or around 25th June
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 4,305,645,478 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 4,305,645,478. 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.