Update

RNS Number : 3459O

Red Rock Resources plc

27 May 2015

 

Red Rock Resources Plc

("Red Rock" or the "Company")

Update

27 May 2015

Red Rock Resources plc, the mining and exploration company with interests in gold in Africa and investments in other mineral assets, announces an update.

Colombia

Further to the announcement of 15 May 2015 in relation to the Company's sale of its Colombian gold assets, Red Rock announces that the remainder of the first tranche of consideration monies, amounting to USD 450,000, has been paid by the purchaser and the completion documents have been released from escrow, completing the sale process.

Kenya

Further to the Company's announcement of 7 May 2015 that Red Rock's local partner in Kenya, Mid Migori Mining Ltd ("MMM"), had been advised by the Ministry of Mines of the termination of its Special Licenses numbers 122 and 202 ("the SLs"), the Company has obtained from the High Court in Kenya Orders granting it and MMM leave to institute judicial review proceedings for orders of Certiorari, Prohibition and Mandamus, and ordering meanwhile a stay on the implementation of the Ministry's decision.

For further information, please contact:       

Andrew Bell 0207 747 9990 or 0776 647 4849                          Chairman Red Rock Resources Plc

Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396       NOMAD Beaumont Cornish Limited

Jason Robertson 0129 351 7744                                              Broker Dowgate Capital Stockbrokers Ltd.

Christian Pickel 0203 128 8817                                               Media Relations MHP Communications

 

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