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Completion of Colombian Sale and Update

15 May 2015 18:22

RNS Number : 3981N
Red Rock Resources plc
15 May 2015
 

Red Rock Resources Plc

("Red Rock" or the "Company")

Completion of Colombian Sale

Update

15 May 2015

 

Colombia

 

Further to the announcement of the sale of its gold interests in Colombia on 14 April 2015, as updated by an announcement on 1 May 2015, Red Rock announces that the sale has now closed in escrow pending receipt of a legal opinion updated to today from the Company's lawyers in Colombia.

 

Colombia Milling Limited, the purchaser, will then take control of operations at El Limon and will embark on the first stages of their investment programme in order to increase mine and plant throughput and enable the business to process ore from other operations in the region.

 

Kenya

 

Further to the announcement on 7 May 2015, the Company has instructed lawyers in Kenya and initiated proceedings in order to protect Red Rock's interests in its Migori gold project.

 

For further information, please contact:

 

Andrew Bell0207 747 9990 or 0776 647 4849 Chairman Red Rock Resources Plc

Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited

Jason Robertson 0129 351 7744 Broker Dowgate Capital Stockbrokers Ltd.

Christian Pickel 0203 128 8817 Media Relations MHP Communications

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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