11th Jan 2008 07:00
Red Rock Resources plc11 January 2008 RED ROCK RESOURCES PLC (the 'Company') Increased Holding in Retail Star Limited Dated: 11 January 2008 Further to the sale of Orion Exploration Pty Ltd to Retail Star Limited ('RSL'),as announced by the Company on 7 August 2007, the government of Malawi hasgranted Eastbourne Exploration Ltd, a company beneficially owned by RSL, theMachinga uranium licence in Malawi. This property comprises an ExclusiveProspecting Licence ('EPL') covering an area of 378 sq km. This EPL was grantedpursuant to the agreement dated 26 July 2007 between RSL and the Company, underwhich the Company agreed to sell its Australian uranium interests to RSL. As aresult of the EPL being granted, 30,000,000 B Performance Shares in Retail StarLimited ('RSL') held by the Company have been converted into 30,000,000 newfully paid ordinary shares in RSL. The Company is now interested in 110,000,000 ordinary shares in RSL. Thisholding represents a 20.06% interest in the issued share capital of RSL. Enquiries: Andrew Bell 07766 474849 Red Rock Resources plc Chairman John Simpson 020 7512 0191 Blomfield Corporate Nominated Adviser Finance Ltd Ron Marshman / 020 7628 5518 City of London PR Limited Public RelationsJohn Greenhalgh Updates on the Company's activities are regularly posted on Red Rock's website,www.rrrplc.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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