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Resource Star Ltd Update

5 Sep 2013 15:48

RNS Number : 3523N
Red Rock Resources plc
05 September 2013
 

Red Rock Resources plc

("Red Rock" or the "Company")

Resource Star Ltd - Update

 

5 September 2013

Resource Star Ltd (ASX:RSL) ("RSL"), a 39% owned associate of the Company, issued two announcements to the Australian Stock Exchange today.

Further to Red Rock's announcement of 2nd August 2013, relating to a binding term sheet with Searex Petroleum (BVI) Limited ("Searex") for the acquisition of an oil project in Abilene, Texas, U.S.A., RSL has issued an update on due diligence and has also released a Presentation on the Texas project.

Further details of these announcements can be accessed on the ASX website:

http://www.asx.com.au/asxpdf/20130905/pdf/42j5vbv9d1v86g.pdf

http://www.asx.com.au/asxpdf/20130905/pdf/42j5vvctf0c08w.pdf

Red Rock holds 46,908,584 shares in RSL, representing 38.6% of the total issued shares. Additionally, Red Rock is entitled to be issued a further 8,000,000 RSL shares on the exercise of AUD 100,000 Convertible Notes which have now been issued to Red Rock by RSL (including the 4,803,357 share entitlement referred to in the announcement of 2nd August 2013).

Red Rock Resources Plc is a mining and exploration company with an iron ore project in Greenland, a producing gold mine in Colombia, and advanced gold and copper exploration in Kenya.

Red Rock Chairman Andrew Bell comments: "As stated by RSL, due diligence is going well so far and the due diligence team is on the ground in Texas. The opportunity is a most promising one that has the potential to transform RSL, and this first presentation, though necessarily partial at this stage, conveys some sense of that."

Enquiries:

Andrew Bell

020 747 9990 or

07766 474849

Red Rock Resources plc

Chairman

Sandra Spencer

020 747 9990 or

07757 660 798

 

Red Rock Resources plc

Press Relations

Colin Aaronson

020 7383 5100

Grant Thornton

UK LLP

 

Nominated Adviser

 

Nick Emerson

01483 413500

SI Capital Limited

Broker

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCNKPDQQBKDOCK
Date   Source Headline
11th Aug 201411:55 amRNSChange of Broker
1st Aug 20147:00 amRNSUpdate - Resource Star Limited
25th Jul 201412:09 pmRNSSale of Colombian Interests - Update
18th Jul 20145:13 pmRNSSale of Colombian Interests - Update
10th Jul 201411:01 amRNSHolding(s) in Company
25th Jun 20145:23 pmRNSHolding(s) in Company
25th Jun 20147:00 amRNSConvertible Bond Conversion
12th Jun 20147:00 amRNSHolding(s) in Company
10th Jun 20147:00 amRNSHolding(s) in Company
6th Jun 20147:00 amRNSJupiter Mines Ltd Update
2nd Jun 201412:43 pmRNSHolding(s) in Company
30th May 20145:44 pmRNSConvertible Loan Note Conversion & Issue of Equity
29th May 201411:53 amRNSPositive Update From Migori Project, Kenya
13th May 20147:00 amRNSProposed Sale of Colombian Interests
8th May 20147:00 amRNSHolding(s) in Company
2nd May 20141:15 pmRNSUpdate - Colombia
30th Apr 201412:36 pmRNSIssue of Convertible Note
28th Apr 20149:48 amRNSHolding(s) in Company
8th Apr 20144:56 pmRNSHolding(s) in Company
8th Apr 20144:41 pmRNSUpdate - Resource Star Limited
7th Apr 20146:19 pmRNSIssue of shares under SIP and Directors' Dealings
4th Apr 20145:33 pmRNSUpdate - Ivory Coast Exploration and Other
31st Mar 20147:00 amRNSInterim Results
4th Mar 201410:13 amRNSPrivate Placing and Exploration Investment
24th Feb 20145:53 pmRNSConvertible Bond Conversion
30th Jan 20143:01 pmRNSIssue of Shares under SIP and Directors' Dealings
24th Jan 20145:54 pmRNSConvertible Bond Conversion
21st Jan 20147:00 amRNSPlacing
17th Jan 201412:26 pmRNSUpdate - Kenya and Colombia
14th Jan 20145:11 pmRNSInvestment in Jupiter Mines Shares
31st Dec 201311:57 amRNSDirectorate Change
30th Dec 20131:01 pmRNSResult of AGM
20th Dec 201312:58 pmRNSCompletion of two year bond issuance
11th Dec 201310:48 amRNSExploration Update - Migori Project, Kenya
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29th Nov 201312:02 pmRNSFinal Results
28th Nov 201312:03 pmRNSOffer of Secured Two Year Bond
21st Nov 20139:11 amRNSNotice of General Meeting and Convertible Note
14th Nov 20131:59 pmRNSIssue of Shares & Purchase of Jupiter Mines Shares
8th Nov 20131:14 pmRNSUpdate
9th Oct 20134:43 pmRNSConvertible Bond Conversion
9th Oct 20134:40 pmRNSUpdate
4th Oct 20133:16 pmRNSDelisting of Jupiter Mines from ASX
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18th Sep 20135:43 pmRNSIssue of Convertible Note. Cancellation of options
9th Sep 20134:03 pmRNSAppointment of Broker
9th Sep 20137:00 amRNSUpdate
5th Sep 20133:48 pmRNSResource Star Ltd Update
30th Aug 20135:02 pmRNSUpdate
27th Aug 20134:28 pmRNSConvertible Bond Conversion & Options Cancellation

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