Deal snapshot: RED ROCK RESOURCES MOVES TO CLOSE ON COLOMBIAN GOLD ASSET SALE.
UK mining and exploration company Red Rock Resources plc is proceeding with the closing of the sale of its El Limon gold assets in Colombia, the company said. In March Red Rock Resources announced an agreement to sell its El Limon gold assets in Colombia to Belize-based Colombia Milling Ltd. for USD 5m. Total sale proceeds are USD 5m, including USD 100,000 previously received and up to USD 3m of future royalty payments.
Target: El Limon gold assets
Buyer: Colombia Milling Ltd
Vendor: Red Rock Resources plc
Deal size in USD: 5m
Buyer advisor: , ,
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|Publication:||M & A Navigator|
|Date:||May 4, 2015|
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