⌘K
t
Red Rock Resources Plc and the parties to a conditional agreement, originally announced on 13th March 2024, agreed to extend its long stop date. The original 13-week termination clause meant a long stop date of 10th June, which has now been extended to 11th June. An announcement relating to this transaction will not be issued before Wednesday 12th June.
| Date | 10 Jun 2024 |
| Time | 07:00:04 |
| Category | Acquisitions and alliances |
| ID | 7057R |
Red Rock Resources Plc
("Red Rock" or the "Company")
Update on Agreement
10 June 2024
Red Rock Resources Plc, the natural resource exploration and development company, with interests in gold, base metals, battery metals, and hydrocarbons principally in Africa and Australia, announced on 13th March 2024 a "Conditional Agreement to take 100% ownership of Australian Gold Subsidiary" (the "Agreement").
Clause 3 of the Agreement read as follows: "Should all conditions precedent not be satisfied or agreed in writing by the parties to be waived within 13 weeks of the date of this HoT [Heads of Terms], the HoT shall be terminated".
Given the long weekend due to the public holiday in Australia on Monday 10th June, the parties have agreed a short extension of this long stop date to 11th June. An announcement in relation to the transaction will therefore not be issued before Wednesday 12th June.
For further information, please contact:
Andrew Bell 0207 747 9990 Chairman Red Rock Resources Plc
Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited
Bob Roberts 0203 8696081 Broker Clear Capital Corporate Broking
This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU, which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310) and is disclosed in accordance with the Company's obligations under Article 17.
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.