15th Apr 2008 12:06
Red Rock Resources plc15 April 2008 RED ROCK RESOURCES PLC Increased Holding in Jupiter Mines Limited Dated: 15 April 2008 Red Rock Resources plc ("Red Rock" or the "Company") the mineral exploration anddevelopment company focused on advancing iron ore, uranium and manganeseprojects in Australia and East Africa, announces that it has acquired 6,179,000ordinary shares in Jupiter Mines Limited ("Jupiter") at a cost of AUD1,381,477and now holds 10,796,178 ordinary shares in Jupiter amounting to 7.62% of theoutstanding share capital of Jupiter. The Company also acquired for a consideration of one Australian dollar,3,500,000 options exercisable into Jupiter ordinary shares at 20c per Jupiterordinary share at any time up to 20th May 2008. Jupiter is a mineral exploration company listed on the Australian Stock Exchangewith stock code JMS. The Company first became a Jupiter shareholder when on 29thMay 2007 it announced that Jupiter had exercised an option to buy two of RedRock's iron ore tenements in Western Australia for a consideration of AUD250,000, a 1.5% production royalty, and 4,617,178 new Jupiter shares. Red Rock continues to pursue a strategy of working closely with other companiesplanning to drill iron ore prospects in the Central Yilgarn of Western Australiain order to stimulate fundraising for exploration, generate interest amonginvestors and potential partners, and promote what it regards as a necessaryintegration of the various projects and interests. Enquiries: Andrew Bell 0207 402 4580 Red Rock Resources plc Chairman or 07766 474849 John Simpson 020 7512 0191 Blomfield Corporate Finance Ltd Nominated Adviser Ron Marshman / John 020 7628 5518 City of London PR Limited Public RelationsGreenhalgh Updates on the Company's activities are regularly posted on its website,www.rrrplc.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Red Rock Resources