Red Rock Resources - Renewal of Convertible Loan Notes
("Red Rock" or the "Company")
Renewal of Convertible Loan Notes
The Notes were due for redemption or conversion into new Red Rock shares ("Shares") at a price of 0.8p per Share, with a final redemption date of
The Notes were issued at par and are convertible into Shares at a price of
Each Note holder received 62,500 Warrants for each Note subscribed. Each Warrant entitles the holder to subscribe for Shares at any time up to the date of expiry at a price of
The interest rate on the Notes is 12% per annum, accruing monthly.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
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Quick facts: Red Rock Resources PLC
Market Cap: £1.13 m
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