Red Rock Resources plc has issued 57,142,856 new ordinary shares of 0.01 pence each in the company at a subscription price of 0.035 pence per share, with 57,142,856 attached warrants, to convert cash advances.
TVRs
A total of 14,285,714 warrants expire will expire on 9 March 2028 and 42,857,142 warrants on 18 May 2028, exercisable at a price of 0.040 pence per share.
Following admission, Red Rock’s issued ordinary share capital will comprise 7,154,032,374 ordinary shares, with voting rights, and none of which is held in treasury.
The company continues to await the conclusion of its arbitration award proceedings in the Democratic Republic of Congo.
Chairman Andrew Bell is flying to the capital Kinshasa for “arrangements” in connection with the arbitration and litigation.