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Market Cap: £2.25m
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Conditional disposal

4 May 2011 12:20

RNS Number : 9157F
Red Rock Resources plc
04 May 2011
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RED ROCK RESOURCES PLC

Conditional disposal of interests in Cue Resources Limited

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4 May 2011

Red Rock Resources plc ("Red Rock" or the "Company"), the gold mining and exploration company with projects in Kenya and Colombia, and interests in steel feed, uranium, and rare earths, announces that it has agreed to dispose of its entire holding of 15,798,000 common shares in Cue Resources Ltd (TSXV: CUE, "Cue") to its 24.9 per cent. owned associate company Resource Star Limited (ASX: RSL, "RSL") for C$1,556,000. A C$200,000 loan from Red Rock to Cue is also being transferred at face value together with warrants to subscribe in aggregate for 15,798,000 common shares in Cue at prices of between C$0.12 and C$0.15.

The transaction is subject to approval by shareholders of RSL, other than Red Rock, at an RSL EGM expected to be held in June. The consideration payable to Red Rock will be paid in two instalments, 40% on completion with the balance six months later.

Further details on the transaction and on Cue are available in the RSL announcement which may be accessed via http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=RSL.

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Enquiries:

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Andrew Bell 0207 402 4580 or Red Rock Resources plc Chairman

07766 474849

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Sandra Spencer 0207 402 4580 or Red Rock Resources plc Public and Investor

07757 660 798 Relations

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Peter Trevelyan-Clark/ 020 7444 0800 Religare Capital Markets Nominated Adviser

Ben Jeynes

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Nick Emerson 01483 413500 Simple Investments Ltd Broker

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Updates on the Company's activities are regularly posted on its website,www.rrrplc.com.

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This information is provided by RNS
The company news service from the London Stock Exchange
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END
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MSCUGURGAUPGGGC
Date   Source Headline
24th Jan 20129:45 amRNSUranium Energy Corp to acquire Cue Resources Ltd.
23rd Jan 20122:15 pmRNSQuarterly update - Colombia
6th Jan 20124:24 pmRNSIssue of equity, option execution
5th Jan 20124:33 pmRNSTotal Voting Rights
5th Jan 201212:19 pmRNSIssue of Equity
30th Dec 20111:00 pmRNSTotal Voting Rights
28th Dec 20117:00 amRNSResult of AGM
19th Dec 20115:14 pmRNSUpdate - Greenland
19th Dec 20119:36 amRNSUpdate - Colombia - Replacement
19th Dec 20119:28 amRNSUpdate - Colombia (Replacement)
19th Dec 20117:00 amRNSUpdate - Colombia
15th Dec 20114:11 pmRNSAssay results for Melville Bugt Project
15th Dec 20117:00 amRNSMigori Mineral Resource Estimate
14th Dec 20119:00 amRNSIssue of Equity
12th Dec 201110:30 amRNSDirector/PDMR Shareholding
6th Dec 20117:00 amRNSColombia - Gold Sales
5th Dec 201111:45 amRNSDirector/PDMR Shareholding
30th Nov 20114:30 pmRNSTotal Voting Rights
29th Nov 20117:00 amRNSFinal Results
23rd Nov 20114:40 pmRNSSecond Price Monitoring Extn
23rd Nov 20114:35 pmRNSPrice Monitoring Extension
22nd Nov 20114:40 pmRNSSecond Price Monitoring Extn
22nd Nov 20114:35 pmRNSPrice Monitoring Extension
21st Nov 20112:00 pmRNSUpdate - Migori Project
15th Nov 20112:45 pmRNSIssue of Equity
9th Nov 20117:00 amRNSColombia - Gold Sales
31st Oct 20112:56 pmRNSGreenland Melville Bugt presentation
17th Oct 20119:30 amRNSRe Jupiter Mines
14th Oct 20117:00 amRNSMigori Measured Mineral Resource Estimate
11th Oct 20114:42 pmRNSColombia - Gold Sales
4th Oct 201110:35 amRNSDirector/PDMR Shareholding
29th Sep 20111:40 pmRNSUpdate - Kenya
20th Sep 20114:35 pmRNSPrice Monitoring Extension
20th Sep 201111:48 amRNSAppointment of Consultant - Migori Tailings
8th Sep 201110:30 amRNSUpdate - Greenland
5th Sep 201110:31 amRNSColombia - monthly gold sales
31st Aug 20114:35 pmRNSPrice Monitoring Extension
30th Aug 20116:06 pmRNSUpdate - Kenya
26th Aug 20114:40 pmRNSSecond Price Monitoring Extn
26th Aug 20114:35 pmRNSPrice Monitoring Extension
25th Aug 20114:41 pmRNSSecond Price Monitoring Extn
25th Aug 20114:35 pmRNSPrice Monitoring Extension
12th Aug 20115:18 pmRNSDirector/PDMR Shareholding
10th Aug 20114:40 pmRNSSecond Price Monitoring Extn
10th Aug 20114:35 pmRNSPrice Monitoring Extension
3rd Aug 20115:34 pmRNSUpdate - July gold production
3rd Aug 20114:40 pmRNSSecond Price Monitoring Extn
3rd Aug 20114:35 pmRNSPrice Monitoring Extension
26th Jul 20115:07 pmRNSUpdate - exploration and production
18th Jul 20117:00 amRNSSecured loan note and warrants

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