Exercise of Options

RNS Number : 9994F

Red Rock Resources plc

22 January 2010

 



RED ROCK RESOURCES PLC

Exercise of Options and Issue of Equity

Dated: 22 January 2010

Red Rock Resources PLC ("Red Rock" or the "Company") has been notified that John Watkins, a Director of the Company, has yesterday exercised 500,000 options to subscribe for Ordinary Shares in the Company at a price of 1 pence per share ("New Ordinary Shares"), and Michael Nott, a Director of the Company, has yesterday exercised 750,000 options to subscribe for New Ordinary Shares at a price of 1 pence per share.

As a result of this exercise of options, John Watkins directly holds 2,000,000 Ordinary Shares in the Company, and Michael Nott holds 750,000 Ordinary Shares in the Company.

In addition to their interests in the Ordinary Share Capital of the Company stated above, Mr Watkins and Mr Nott remain interested in the following options to subscribe for the Company's Ordinary Shares.

	Number of Options	Expiry Date	Exercise Price
Michael Nott	750,000	31 May 2011	1.25 pence
	1,000,000	11 May 2012	3.5 pence
John Watkins	500,000	31 May 2011	1.25 pence
	750,000	11 May 2012	3.5 pence

Application will been made for the New Ordinary Shares, which rank pari passu with the Company's existing issued ordinary share capital, to be admitted to trading on AIM. It is expected that the admission of the New Ordinary Shares to trading on AIM  will occur on 28 January 2010.

Following the issue and allotment of the new Ordinary Shares, the Company will have 557,067,920 ordinary shares in issue. 

Enquiries:

Red Rock Resources plc
Andrew Bell, Chairman	0207 402 4580/07766 474849
John Watkins	07768 512404
Nominated Adviser
Blomfield Corporate Finance Ltd
Peter Trevelyan-Clark/Ben Jeynes	020 7444 0800
Broker
Simple Investments Ltd
Nick Emerson, Renato Rufus	01483 413500
Public Relations
Lothbury Financial Limited
Ron Marshman	020 7011 9411

Updates on the Company's activities are regularly posted on its website, www.rrrplc.com.

 

END

 

 

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