News Column

Red Rock Resources Plc - Convertible Bond Conversion

June 30, 2014

ENP Newswire - 30 June 2014

Release date- 26062014 - Red Rock announces that YA Global Master SPV, Ltd., which is advised by Yorkville Advisors LLC, has converted GBP200,000 of its GBP550,000 unsecured Convertible Bonds, which are due for repayment in April 2015, into 75,386,355 ordinary shares of 0.1 pence each in the Company under the terms of the Convertible Bond Instrument as announced on 30 April 2014, at a price of GBP0.002653 per Share.

Following the Conversion, YA Global will hold 75,386,355 shares or 3.9% of the Company's total voting rights.

As announced on 30 April 2014, the proceeds of the Convertible Bond have been applied to debt reduction and to working capital purposes.

Following the Conversion, the Company's total issued ordinary share capital will be 1,934,587,543 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 30 June 2014.

The above figure of 1,934,587,543 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the Disclosure and Transparency Rules.


Andrew Bell


Red Rock Resources plc

Tel: 0207 747 9990, 0776 647 4849

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Source: ENP Newswire

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