Red Rock Resources plc issued 26,000,000 ordinary shares each at a price of £0.0020196 after receiving notice to convert £52,509.60 of convertible loan notes, including interest.
The company has also issued 50 million warrants exercisable into new ordinary shares for two years at 0.2p to an unsecured lender, subject to approval at the next general meeting.
Following the issue of shares, Red Rock’s issued ordinary share capital will comprise 2,570,097,791 ordinary shares with voting rights.