Red Rock Resources plc
12 February 2008
RED ROCK RESOURCES PLC
Increased Holding in Retail Star Limited
Dated: 11 February 2008
Red Rock Resources plc ('Red Rock' or the 'Company') the mineral exploration and
development company focused on advancing iron ore, uranium and manganese
projects in Australia and East Africa, announces that further to the sale of
Orion Exploration Pty Ltd to Retail Star Limited ('RSL'), as announced by the
Company on 7 August 2007, the government of Malawi has granted the transfer of
the Chintheche uranium licence in Malawi to RSL from Red Rock. This property
comprises an Exclusive Prospecting Licence ('EPL') covering an area of 210.8sq
km. This EPL was transferred pursuant to the agreement dated 26 July 2007
between RSL and the Company, under which the Company agreed to sell its uranium
interests to RSL. As a result of the transfer of the EPL, 30,000,000 C
Performance Shares in RSL held by the Company have been converted into
30,000,000 new fully paid ordinary shares in RSL.
The Company is now interested in 140,000,000 ordinary shares in RSL. This
holding represents a 24.2% interest in the issued share capital of RSL.
Enquiries:
Andrew Bell 0207 402 4580 Red Rock Resources plc Chairman
or
07766 474849
John Simpson 020 7512 0191 Blomfield Corporate Finance Ltd Nominated Adviser
Ron Marshman / John 020 7628 5518 City of London PR Limited Public Relations
Greenhalgh
Updates on the Company's activities are regularly posted on its website,
www.rrrplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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