Red Rock Resources plc Update on Agreement

RNS Number : 7057R

Red Rock Resources plc

10 June 2024

 

Red Rock Resources Plc

("Red Rock" or the "Company")

 

Update on Agreement

 

 

10 June 2024

 

Red Rock Resources Plc, the natural resource exploration and development company, with interests in gold, base metals, battery metals, and hydrocarbons principally in Africa and Australia, announced on 13^th March 2024 a "Conditional Agreement to take 100% ownership of Australian Gold Subsidiary" (the "Agreement").

 

Clause 3 of the Agreement read as follows: "Should all conditions precedent not be satisfied or agreed in writing by the parties to be waived within 13 weeks of the date of this HoT [Heads of Terms], the HoT shall be terminated".

 

Given the long weekend due to the public holiday in Australia on Monday 10th June, the parties have agreed a short extension of this long stop date to 11^th June. An announcement in relation to the transaction will therefore not be issued before Wednesday 12^th June.

 

For further information, please contact:

Andrew Bell 0207 747 9990                                                       Chairman Red Rock Resources Plc

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

Bob Roberts 0203 8696081                                                        Broker Clear Capital Corporate Broking

 

This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU, which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310) and is disclosed in accordance with the Company's obligations under Article 17.

 

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

 

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