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Red Rock nets £270k with Star Striker share sale

Andrew Bell, chairman of Red Rock Resources (LON:RRS) comments on decision to sale part of its holding in Australian associate, Star Striker Limited (ASX:SRT).

The sale of 32,300,000 shares in SRT nets Red Rock £272,000 and will allow the firm to fund its participation in the US-based Shoats Creek oil project, broaden its asset base and see some early cash flow.

 
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