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Red Rock Share News (RRR)
Share News for Red Rock (RRR)
| Share Price: 0.48 | Bid: 0.46 | Ask: 0.50 | Change: 0.00 (0.00%) |  | ||||||
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Red Rock Resources exericses option on Jupiter Mines shares worth A$700,000
Wed, 21st May 2008 12:35
LONDON (Thomson Financial) - Red Rock Resources Plc. said it has exercised its options to buy
The Australia and East Africa-focused miner now holds 14.9 million shares in Jupiter, or around 10.12 percent of its outstanding share capital.
In addition, private investment company Pallinghurst Resources Australia Ltd., 'with whom Red Rock is deemed to be acting in concert' is interested in 2.3 million Jupiter shares.
The companies have a combined holding of 17.13 million shares, or 11.63 percent of Jupiter.
Pallinghurst Resources also holds 5,300,000 options exercisable into Jupiter ordinary shares at A$0.20 each.
tf.TFN-Europe_newsdesk@thomsonreuters.com
slj
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
LONDON (Thomson Financial) - Red Rock Resources Plc. said it has exercised its options to buy
an extra 3.5 million shares in Jupiter Mines Ltd. for A$700,000.
The Australia and East Africa-focused miner now holds 14.9 million shares in Jupiter, or around 10.12 percent of its outstanding share capital.
In addition, private investment company Pallinghurst Resources Australia Ltd., 'with whom Red Rock is deemed to be acting in concert' is interested in 2.3 million Jupiter shares.
The companies have a combined holding of 17.13 million shares, or 11.63 percent of Jupiter.
Pallinghurst Resources also holds 5,300,000 options exercisable into Jupiter ordinary shares at A$0.20 each.
tf.TFN-Europe_newsdesk@thomsonreuters.com
slj
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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