The 8 million shares obtained 'Indirectly' by Director Andrew...

The 8 million shares obtained 'Indirectly' by Director Andrew Bell were part of a swop agreement where a long term investor exchanged shares in JMS for shares in Red Rock Resources AIM:RRR:


Red Rock announces that it has completed its placing, first announced on 14 November 2013, with Cornhill Capital Ltd. ('Cornhill'), for 45,000,000 ordinary shares of 0.1 pence each ("Shares") in the Company by a long-term investor (the "Investor") at a price of 0.66p per Share (the "Subscription"). The gross proceeds of the Subscription are GBP297,000.

The proceeds of the Subscription are being applied towards the purchase from the Investor of 8,000,000 shares in Jupiter Mines Ltd (ASX:JMS)("Jupiter") at a price of AUD 0.056 per Jupiter share and a total cost of AUD 448,000 (GBP249,480 approximately).

Following the Subscription the Company's holding in Jupiter will be 27,674,375 Jupiter shares (1.21%) currently worth AUD 1.88 million. Red Rock retains a 0.75% gross revenue royalty over Jupiter's Mt Ida project, and non-manganese mineral rights over a further Jupiter tenement.