Red Rock Resources plc has issued in aggregate 53,571,428 shares and an equal number of accompanying warrants to convert cash advances.
A total 28,571,428 new ordinary shares of 0.01 pence each at a subscription price of 0.035 pence per share, with 28,571,428 warrants, are to convert a £10,000 advance from an existing shareholder.
The warrants are exercisable at a price of 0.040 pence per share at any time before 21 January 2028.
Red Rock also issued 25 million new ordinary shares of 0.01 pence each at a subscription price of 0.040 pence per share, with 25m warrants, to convert £10,000 from an existing shareholder.
The warrants exercisable at a price of 0.050 pence per share before 27 January 2028.
Following admission, the company’s issued ordinary capital will comprise 6,451,995,381 ordinary shares, with equal voting rights. None of the shares are held in treasury.