13th Mar 2015 11:17
LONDON (Alliance News) - Red Rock Resources PLC Friday said the buyers of its interests in the El Limon mine in Colombia have said the deal will go through next week.
Execution of the sale had been expected to take place before the end of February but was delayed. Earlier in March, Red Rock said there were no reasons for further delay, clearing the way for further news about when the agreement would go ahead.
"Red Rock has commissioned legal opinions in the Cayman Islands and Colombia, which are a requirement by the completion date, and expects completion to follow shortly after execution," the gold mining and exploration company said in a statement.
Meanwhile, in Ivory Coast, Red Rock Resources said it has received results from 648 composite samples at Dabakala and 238 samples from Alepe.
Red Rock said an announcement will be made once the results are analysed and mapped.
Red Rock shares were down 5% at 0.076 pence on Friday.
By Samuel Agini; [email protected]; @samuelagini
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