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Market Cap: £2.35m
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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
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
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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
8th Jul 20111:33 pmRNSDirector/PDMR Shareholding

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