RE: Gold14 Mar 2025 08:23
Helpful is correct, go back and look at the arbitration, here is the summary and agreed settlement - as confirmed by RNS from RRR at the time:
Red Rock Resources Plc, a natural resource exploration and development company, has been involved in arbitration proceedings concerning its former asset, the El Limon gold mine in Colombia.
Background:
In April 2015, Red Rock sold the El Limon mine to Colombia Milling Ltd. for US$5 million. The agreement included a three-year, 5% promissory note worth US$1 million and a 3% net smelter return (NSR) royalty on gold production, capped at US$2 million. 
Dispute and Arbitration:
By July 2016, a dispute arose regarding Red Rock’s right to convert the US$1 million promissory note into shares of Para Resources Inc., the parent company of Colombia Milling. Red Rock believed it had the right to this conversion following Para Resources’ acquisition of Colombia Milling, but this claim was contested. Consequently, Red Rock initiated arbitration proceedings under the International Chamber of Commerce rules to seek damages. 
Settlement:
In April 2017, Red Rock and Colombia Milling reached a settlement. The terms included a US$250,000 partial prepayment of the promissory note within 60 days, with the remaining balance due by April 1, 2018. Additionally, it was agreed that the 3% NSR royalty would apply to all gold produced from the El Limon mill site, including gold processed from third-party ore. This clarification ensured that the royalty encompassed a broader scope of production than initially specified. 
This settlement resolved the disputes related to the El Limon mine sale, allowing both parties to move forward without further arbitration.
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