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Update

18 Feb 2015 12:10

RNS Number : 2441F
Red Rock Resources plc
18 February 2015
 



Red Rock Resources Plc

Update

18 February 2015

Red Rock Resources plc ("Red Rock"), the mining and exploration company with gold interests in Colombia, Kenya, and Ivory Coast, announces an update.

 

Colombia

 

The sale transaction of Red Rock's interests in the El Limon mine proceeds and an announcement will be made upon execution.

 

Ivory Coast

 

Samples from Dabakala and Alepe are at SGS Ouagadougou undergoing chemical analysis and test results are expected shortly. A further announcement will be made following analysis by Red Rock of those results.

 

Resource Star Limited

 

In relation to the planned acquisition of Cloud Lands Digital Fortress Ltd ("Cloud Lands") by Resource Star Ltd (ASX:RSL)("RSL"), RSL has announced:

 

· Termination of agreement to acquire Cloud Lands Digital Fortress Ltd

· Placement of up to 105,974,534 fully paid ordinary shares at a price of $0.006 per share, with a 1 for 2 free attaching Options, to raise up to $636,000 before costs

 

RSL announced on 9 February 2015 in Australia that it has terminated its agreement to acquire Cloud Lands. This decision was made pursuant to the conditions precedent in the executed binding term sheets as set out in RSL's ASX announcement of 1 August 2014. The management of both RSL and Cloud Lands mutually agreed that as all conditions precedent had not been satisfied as at 6 February 2015, it was best to terminate the original agreement.

 

The Board of Resource Star is currently reviewing a number of alternative investment opportunities with the intention to acquire an asset that will maximise shareholder value in the current market conditions.

 

On 11 February 2015 RSL announced a placement of up to 105,974,534 fully paid ordinary shares at a price of $0.006 per share, with 1 for 2 free attaching Options ("Placement"), to raise up to $636,000 before costs, conditional on RSL shareholder approval. Mathew Walker, a Director of RSL, will subject to shareholder approval make an additional subscription of 50 million shares and 25 million Options, on the same terms and conditions as the Placement.

 

The full text of the announcements can be found at:

http://www.asx.com.au/asxpdf/20150209/pdf/42wh679xnkwdbl.pdf 

http://www.asx.com.au/asxpdf/20150211/pdf/42wjcx1fxkhws1.pdf 

 

Information on RSL

 

RSL is an Australian listed company in which Red Rock has 65.3m shares (an 18.6% holding) and 5.21m options exercisable at AUD 0.004. The last traded price for RSL shares was AUD 0.008.

 

 

For further information contact:

 

 

Andrew Bell 0207 747 9960 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
 
END
 
 
MSCLLFIFFEITLIE
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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