Red Rock Resources plc
11 January 2008
RED ROCK RESOURCES PLC
(the 'Company')
Increased Holding in Retail Star Limited
Dated: 11 January 2008
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 Eastbourne Exploration Ltd, a company beneficially owned by RSL, the
Machinga uranium licence in Malawi. This property comprises an Exclusive
Prospecting Licence ('EPL') covering an area of 378 sq km. This EPL was granted
pursuant to the agreement dated 26 July 2007 between RSL and the Company, under
which the Company agreed to sell its Australian uranium interests to RSL. As a
result of the EPL being granted, 30,000,000 B Performance Shares in Retail Star
Limited ('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 110,000,000 ordinary shares in RSL. This
holding represents a 20.06% interest in the issued share capital of RSL.
Enquiries:
Andrew Bell 07766 474849 Red Rock Resources plc Chairman
John Simpson 020 7512 0191 Blomfield Corporate Nominated Adviser
Finance Ltd
Ron Marshman / 020 7628 5518 City of London PR Limited Public Relations
John Greenhalgh
Updates on the Company's activities are regularly posted on Red Rock's website,
www.rrrplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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