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Red Rock Resources - Update on Retail Star Limited

RNS Number : 6191Y Red Rock Resources plc 08 July 2008 RED ROCK RESOURCES PLC Update on Retail Star Limited Dated: 8 July 2008 Red Rock Resources plc ('Red Rock' or the 'Company') the mineral exploration and development company focused on advancing iron ore, uranium and manganese projects in Australia and East Africa, announces that Retail Star Ltd (ASX: RSL) lodged a prospectus with the Australian Securities and Investment Commission on 4 July 2008 to re list RSL as a uranium exploration company following a change in the nature of RSL's activities and to raise up to AUD2.5million through a General Offer of 2,500,000 Shares at AUD0.20 and a non-renounceable Entitlement Offer of 2 Shares for every 9 Shares held by shareholders at an issue price of AUD0.20 per Share. RRR, the largest shareholder in RSL, currently holds 140,000,000 Shares, representing a 24.2 per cent of the issued ordinary share capital of RSL. Red Rock has also agreed to partially underwrite the Entitlements Offer up to an amount of AUD 1,100,000, for a fee of 4 per cent. In conjunction with the release of the prospectus, RSL also released exploration updates on two of its exploration properties; * Edith River in the Northern Territories; the first phase of field reconnaissance is nearing completion. 247 rock chip samples were taken with readings of up to 1291 eppm U. For further information: http://www.asx.com.au/asxpdf/20080707/pdf/31b1ktqzy2qgy5.pdf 2. Machinga in Southern Malawi; a scintillometer survey at 200m spacing over the entire 7 kilometer long Machinga Radiometric Anomaly was conducted. XRF measurements show grades of up to 1.55% Niobium and 6.2% Zirconium. For further information: http://www.asx.com.au/asxpdf/20080707/pdf/31b19x7hlcytv0.pdf Enquiries: Andrew Bell 0207 402 4580 Red Rock Resources plc Chairman or 07766 474849 John Simpson 020 7489 4500 Blomfield Corporate Nominated Adviser Finance Ltd Ron Marshman / 020 7628 5518 City of London PR Limited Public Relations John Greenhalgh 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 Exchange END MSCGGGGNVRDGRZM

Quick facts: Red Rock Resources PLC

Price: 0.45

Market: AIM
Market Cap: £3.04 m
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