13th Nov 2014 14:50
LONDON (Alliance News) - Red Rock Resources PLC Thursday said Resource Star Ltd, the Australian-listed firm in which Red Rock holds a 15.2% stake, has exercised its option to acquire Australian cloud computing service and infrastructure provider Cloud Lands Digital Fortress Ltd.
The company said that completion of the acquisition remains conditional upon a number of terms, including the completion of a capital raising of not less than AUD3.5 million, and all necessary approvals from Resource Star shareholders and Australian regulators.
Shares in Red Rock, a gold mining and exploration firm with interests in Colombia, Kenya and Ivory Coast, were up 23.5% Thursday afternoon at 0.1210 pence.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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