RED ROCK RESOURCES PLC — Capital/Financing Update 2015

Apr 23, 2015

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RNS Number : 1836L

Red Rock Resources plc

23 April 2015

Red Rock Resources Plc

("Red Rock" or the "Company")

Convertible Note Conversion

23 April 2015

Red Rock announces that MG Partners II Ltd., which is an affiliate of Magna, has converted the entirety of its outstanding balance of $115,000 unsecured Convertible Notes and accrued interest, into 118,196,751 ordinary shares ("Conversion Shares") in the Company under the terms of the Convertible Note Instrument ("Convertible") as announced on 6 January 2015, at a price of £0.0006837 per Conversion Share (the "Conversion").

This Conversion of 118,196,751 ordinary shares in the Company represents 2.54% of the Company's enlarged ordinary issued share capital.

Following issue of the Conversion Shares, the Company's enlarged issued ordinary share capital will consist of 4,662,024,541 ordinary shares of 0.01p each. Application has been made to the London Stock Exchange for the Conversion Shares, which on Admission will 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 April 2015.

Chairman Andrew Bell comments:

"We are happy to announce that the convertible debt facility with Magna has now been fully retired. Red Rock has now cleared all of its corporate debt and convertibles over the course of the last month."

For further information contact:

Andrew Bell 0207 747 9990 or 0776 647 4849                             Chairman Red Rock Resources Plc

Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396            NOMAD Beaumont Cornish Limited

Jason Robertson 0129 351 7744                                                Broker Dowgate Capital Stockbrokers Ltd

Christian Pickel0203 128 8208                                                  Media Relations MHP Communications

This information is provided by RNS

The company news service from the London Stock Exchange

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