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Update

12 Jun 2017 07:00

RNS Number : 7285H
Red Rock Resources plc
12 June 2017
 

Red Rock Resources plc

 

("Red Rock")

 

Update

 

12 June 2017

 

Further to the announcement of 5th April 2017, Red Rock announces an update in relation to the sale in 2016 of certain assets including the Company's wholly owned subsidiary American Gold Mines Ltd ("AGM"), the 50.1% shareholder of the El Limon gold mine, Colombia ("Sale") to Colombia Milling Limited ("CML").

 

Highlights:

 

· CML has paid US$50,000 interest due on the US$1m promissory note ("Note") held by Red Rock

· CML has paid US$5,148.34 in respect of gold royalties due for the quarter ended 31st March 2017

· CML has paid US$225,000 and is remitting US$25,000 as partial repayment of the Note

· The balance of the Note remains payable on 1 April 2018

 

Red Rock Chairman Andrew Bell comments: "The receipt of $305,148.34 in further payments for the sale and operations of El Limon, and the interim distribution of $300,000 by Jupiter that we expect to receive in September, continue the pattern of improving cash flows seen since last year. An update on the most significant pending event, the sale or IPO of Jupiter's Tshipi manganese mine, is expected within weeks."

 

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

 

For further information, please contact:

 

Andrew Bell 0207 747 9990 Chairman Red Rock Resources Plc

Scott Kaintz 0207 747 9990 Director 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

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
UPDLLFEERRIAIID
Date   Source Headline
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
3rd Dec 20132:39 pmRNSPlacing and Investment in Jupiter Mines Shares
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
20th Sep 20135:08 pmRNSGreenland Update
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
8th Aug 20135:23 pmRNSIssue of Shares and Convertible Note

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