Red Rock Resources plc
29 July 2005
Red Rock Resources plc
Admission to trading on AIM
Dated: 29 July 2005
Red Rock Resources plc ('Red Rock' or the 'Company') was admitted to trading on
AIM today, 29 July 2005, following a Placing of 27,300,000 new Ordinary Shares
in share capital of the Company at 2p per Share to raise approximately £476,000
million, net of expenses.
Red Rock has been established as a mineral exploration and development company
focussed on advancing its iron ore and manganese projects in Western Australia
and in Tasmania.
Red Rock has acquired nine tenements at Oakover, Mt Ida, Mt Hope, and Mt Alfred,
all in Western Australia, and at Savage River North and Arthur River in
Tasmania. Currently none of the tenements have been granted however pursuant to
the material contracts entered into by the Company Red Rock is entitled to be
the 100% beneficiary of the tenements.
Following the successful Placing, Red Rock will undertake mapping, geophysics,
and shallow drilling to evaluate the grade, extent, and metallurgical character
of the mineralisation within its tenements. The results will be utilised in
developing JORC Code compliant estimates of resource. The Directors believe that
further funding of the Company will be required as work progresses.
Enquiries:
Andrew Bell 07766 474849 Red Rock Resources plc Chairman
John Simpson 020 7512 0191 ARM Corporate Finance Ltd Nominated Adviser
Ron Marshman/
John Greenhalgh 020 7628 5518 City of London PR Limited Public Relations
This information is provided by RNS
The company news service from the London Stock Exchange
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