Last checked at 22 Dec 2014 11:04
Red Rock Resources Plc
("Red Rock" or the "Company")
Clarification
22nd December 2014
Red Rock Resources plc, the mining and exploration company with gold interests in Colombia, Kenya, and Ivory Coast, issues the following clarification in relation to the proposed sale of its Colombian interests to Nicaragua Milling Company Limited ("NMC").
The Company understands that a Canadian company, Prize Mining Corporation ("Prize") has issued a press release in Canada in relation to termination of an intended transaction with NMC.
As stated by Red Rock in its announcement of 13 October 2014, the Company is not and has never been a party to the transaction planned between NMC and Prize, and the ability of NMC to execute with Red Rock has been stated by NMC not to be contingent on that transaction proceeding.
The Company's management met with NMC in the United States last week where progress was made on the key points and expects to make a further announcement shortly.
For further information, please contact:
Andrew Bell0207 747 9990 or 0776 647 4849 Chairman Red Rock Resources Plc
Roland Cornish/
Rosalind Hill Abrahams0207 628 3396 NOMAD Beaumont Cornish Limited
Jason Robertson0129 351 7744 Broker Dowgate Capital Stockbrokers Ltd.
Christian Pickel0203 128 8817 Media Relations MHP Communications