Issue of Shares and Other Matters

Red Rock Resources plc

19 December 2025

 

Red Rock Resources PLC

("Red Rock" or the "Company")

Issue of Shares and Other Matters

19 December 2025                                                             

Red Rock Resources Plc, the natural resource exploration and development company with interests in gold, base metals, battery metals, and hydrocarbons, principally in Africa and Australia, announces the subscription for additional working capital purposes by an existing long-term shareholder of £200,000 cash for the issue of 800,000,000 new ordinary shares of 0.01 pence each in the Company ("Shares") at a subscription price of 0.025 pence per Share, to meet working capital requirements.

Another shareholder has expressed a wish to convert £200,000 of existing indebtedness to shares at the same price, subject to a vote granting authority by the shareholders in general meeting.  

Admission to Trading on AIM and Total Voting Rights

Application is being made for 800,000,000 Shares to be admitted to trading on AIM, the admission of which it is expected on or around 29 December 2025.

In accordance with the provision of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue of Shares, its issued ordinary share capital will comprise 9,244,509,374 ordinary shares.

All of the ordinary shares have equal voting rights and none of the ordinary shares are held in Treasury. The total number of voting rights in the Company will therefore be 9,244,509,374. The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or change to their interest in, the Company.

Rescheduling of transactions

By mutual agreement, the Company and Power Metal Resources PLC have agreed to reschedule the final two payments by Red Rock announced on 21^st July 2025 as due 14^th November 2025 and 31sr December 2025 into one payment due by 31^st March 2026. A facility fee will be payable in respect of this deferral.

In respect of the conditional sale of Ivory Coast licences announced on 15^th October 2025 the Company has agreed to extend the period for completion to allow for completion of some due diligence matters, with a long stop date of 31^st March 2026.

Red Rock Chairman Andrew Bell comments: "The Company has now set aside by these and other transactions working capital to provide a clear runway for the early months of 2026. We are grateful for the support of our key shareholders and partners that has enabled us to do this, and look forward to providing positive news flow over coming weeks."

For further information, please contact:

Andrew Bell 0207 747 9990                                                       Chairman Red Rock Resources Plc

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

Bob Roberts 0203 8696081                                                        Broker Clear Capital Corporate Broking

This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU, which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310) and is disclosed in accordance with the Company's obligations under Article 17.

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

 

END