Red Rock Resources Earns Further Cash From Investee's Share Buyback

20th Mar 2018 12:40

LONDON (Alliance News) - Red Rock Resources PLC said on Tuesday it has netted USD501,410 after investee Jupiter Mines Ltd completed a share buyback.

Australian firm Jupiter Mines, in which Red Rock has a 1.2% stake, completed an approximate AUD51.0 million buyback it began in January.

Prior to this latest return to Red Rock, the company had received GBP537,131 in March last year and GBP233,606 in November from Jupiter Mines.

Red Rock shares were down 3.5% at midday on Tuesday at 1.11 pence each, having been at 1.19p earlier in the session.

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