Investment in Jupiter Mines Shares

RNS Number : 6532X

Red Rock Resources plc

14 January 2014

 

Red Rock Resources Plc

("Red Rock" or the "Company")

Investment in Jupiter Mines Shares

14^th January 2014

Red Rock Resources plc, the mining and exploration company with an iron ore project in Greenland, a producing gold mine in Colombia, and advanced gold and copper exploration in Kenya, announces amendments to its holding in Jupiter Mines Ltd  ("Jupiter") announced on 3rd December 2013.

Delivery was received from the vendor of 7,650,000 Jupiter shares (rather than 8,000,000 Jupiter shares) at a price of AUD 0.056 per Jupiter share and a total cost of AUD 428,400 (£232,978 approximately).

Following the settlement, the Company's holding in Jupiter is 27,324,375 Jupiter shares, representing 1.20%, currently worth AUD 2.21 million. Red Rock retains a 0.75% gross revenue royalty over Jupiter's Mt Ida project, and non-manganese mineral rights over a further Jupiter tenement.  

The delisting of Jupiter from the ASX took place as expected on 10th January 2014.

 Enquiries:

Andrew Bell 020 7747 9990 or 07766 474849	Chairman Red Rock Resources plc
Colin Aaronson/David Hignell 020 7383 5100	NOMAD Grant Thornton UK LLP
Nick Emerson 01483 413500 Guy Wheatley 02073828416 Rupert Trefgarne 02031288817	Broker SI Capital Ltd Joint Broker Beaufort Securities Ltd Media Relations MHP Communications

 

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