14 May 2019 08:35
14 May 2019
Red Emperor Resources NL
REFUND OF PERFORMANCE BOND
The Board of Red Emperor Resources NL (ASX/AIM: RMP) ("RMP", "Red Emperor" or the "Company"), advises that following completion of the drilling of the Winx-1 exploration well within the Western Blocks, North Slope of Alaska, the refund of the performance bond (RMP share US$1.05 million) has now been received.
RMP is financially well placed to proceed with its evaluation plans for the Western Blocks and continue its ongoing evaluation of other project opportunities, with a current cash balance of approximately A$5.9 million.
For further information, please visit www.redemperorresources.com or contact:
Red Emperor Resources NL | +61 8 9212 0102 |
Greg Bandy |
|
|
|
Strand Hanson Limited (Nominated Adviser) | +44 (0) 20 7409 3494 |
James Harris |
|
|
|
Brandon Hill Capital (UK Broker) | +44 (0) 203 463 5010 |
|
|
708 Capital Pty Ltd (Australian Broker) | +61 (0) 2 9112 2500 |
|
|
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
RMP.L (RMP)