Red Rock Resources plc
08 May 2008
RED ROCK RESOURCES PLC
Partial Sale of Investment in Mindax Limited
Dated: 8 May 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 it has sold 1,430,000
shares in Mindax Limited (ASX: MDX)('Mindax'), a company listed on the
Australian Stock Exchange with tenements contiguous to the Company's tenement at
Mt Alfred in Western Australia.
The shares were sold at an average price net of expenses of 22.46 cents per
share, for total proceeds of AUD 321,235.00. The Company's holding in Mindax was
acquired between November 2007 and February 2008 at an average purchase price
net of expenses of 13.19 cents per share.
Following the sale the Company is interested in 6,170,000 ordinary shares in
Mindax. This holding represents a 7.30% interest in the issued share capital of
Mindax.
The Company considers it appropriate to take advantage of the significant rise
in the Mindax price over the short period since the investment was made and
liquidate part of the investment.
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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