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Refund of Performance Bond

14 May 2019 08:35

RNS Number : 9414Y
Red Emperor Resources NL
14 May 2019
 

14 May 2019

 

 

Red Emperor Resources NL

 

REFUND OF PERFORMANCE BOND

 

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.

 

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.

 

 

 

For further information, please visit www.redemperorresources.com or contact:

 

Red Emperor Resources NL

+61 8 9212 0102

Greg Bandy

 

 

 

Strand Hanson Limited (Nominated Adviser)

+44 (0) 20 7409 3494

James Harris

 

 

 

Brandon Hill Capital (UK Broker)

+44 (0) 203 463 5010

 

 

708 Capital Pty Ltd (Australian Broker)

+61 (0) 2 9112 2500

 

 

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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