14 May 2019 08:35
14 May 2019
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Red Emperor Resources NL
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REFUND OF PERFORMANCE BOND
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The Board of Red Emperor Resources NL (ASX/AIM: RMP) ("RMP", "Red Emperor" or the "Company"), advises that following completion of the drilling of the Winx-1 exploration well within the Western Blocks, North Slope of Alaska, the refund of the performance bond (RMP share US$1.05 million) has now been received.
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RMP is financially well placed to proceed with its evaluation plans for the Western Blocks and continue its ongoing evaluation of other project opportunities, with a current cash balance of approximately A$5.9 million.
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For further information, please visit www.redemperorresources.com or contact:
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Red Emperor Resources NL | +61 8 9212 0102 |
Greg Bandy | Â |
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Strand Hanson Limited (Nominated Adviser) | +44Â (0)Â 20Â 7409Â 3494 |
James Harris | Â |
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Brandon Hill Capital (UK Broker) | +44 (0)Â 203Â 463Â 5010 |
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708 Capital Pty Ltd (Australian Broker) | +61 (0) 2 9112 2500 |
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This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
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