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Deal snapshot: RED ROCK RESOURCES MOVES TO CLOSE ON COLOMBIAN GOLD ASSET SALE.

MANews-(C)2009-2015

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.

Country: Colombia

Sector: Metals/Mining

Target: El Limon gold assets

Buyer: Colombia Milling Ltd

Vendor: Red Rock Resources plc

Deal size in USD: 5m

Type: Divestment

Financing: Cash

Status: Closed

Buyer advisor: , ,

Comment:

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Publication:M & A Navigator
Geographic Code:3COLO
Date:May 4, 2015
Words:110
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Next Article:Deal snapshot: RANGE RESOURCES CLOSES SALE OF DRILLING UNIT.

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