Red Rock Resources Regulatory News (RRR)

8 Apr 2008 07:00

Red Rock Resources plc08 April 2008 RED ROCK RESOURCES PLC Partial Sale of Investment in Mindax Limited Dated: 8 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 sold 850,000 sharesin Mindax Limited (ASX: MDX) ("Mindax"), a company listed on the AustralianStock Exchange with tenements contiguous to the Company's tenement at Mt Alfredin Western Australia. The shares were sold at an average price net of expenses of 26.37 cents pershare, for total proceeds of AUD 224,123.75. The Company's holding in Mindax wasacquired between November 2007 and February 2008 at an average purchase pricenet of expenses of 13.19 cents per share. Following the sale the Company is interested in 7,600,000 ordinary shares inMindax. This holding represents 8.99% of the issued share capital of Mindax. The Company considered it appropriate, given prevailing market conditions andthe delay announced in Mindax's drilling programme, to take advantage of thesignificant rise in the Mindax price over the short period since the investmentwas made by liquidating a part of the investment. 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 itswebsite,www.rrrplc.com. END This information is provided by RNS The company news service from the London Stock Exchange