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Red Rock Resources Plc - Convertible Bond Conversion

January 27, 2014

ENP Newswire - 27 January 2014 Release date- 24012014 - Red Rock announces that YA Global Master SPV, Ltd. which is advised by Yorkville Advisors LLC has converted GBP153,770 in unsecured Convertible Bonds 2014 into 30,312,051 ordinary shares of 0.1 pence each in the Company under the terms of the Convertible Bond Instrument as announced on 21 November 2013 , at a price of GBP0.0050729 per Share. As announced on 21 November 2013 , the proceeds of the Convertible Note will be applied to debt reduction and to working capital purposes. Following the Subscription, the Company's total issued ordinary share capital will be 1,557,478,340 ordinary shares of 0.1p. Application has been made to the London Stock Exchange for the Shares , which rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on 29 January 2014 . Contact: Andrew Bell Chairman Red Rock Resources plc Tel: 0207 747 9990


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Source: ENP Newswire


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