article in financial review, page-5

Looks like the rest got chopped off Jeff,

Here's the article in its entirety:

Retail Star changes name in quest for yellowcake
Market watch top headlines
Australian reports


MELBOURNE, July 7 AAP
July 07 2008, 5:17PM

Retail Star Ltd, the company formed from the former Gowings department stores in Sydney, is to transform and recapitalise itself into a uranium explorer and budding producer to be called Resource Star Ltd.

Retail Star emerged from G Retail, a listed company that took over the Gowings stores from their hereditary family owners.

Following three years of losses, Gowings went into administration and closed its doors in 2006.

G Retail changed its name to Retail Star soon after and restructured itself as an internet-based trader, but its prospects did not improve.

In May last year Retail Star changed course dramatically after its purchase of Northern Territory uranium explorer Orion Exploration Pty Ltd.

Along with the name change to Resource Star, which is must be approved by shareholders later this month, the uranium explorer plans to raise $2.5 million through an entitlement issue and share placement.

Retail Star's major shareholder, the London-listed Red Rock Resources plc, holds a 24 per cent stake and will underwrite $1.1 million of the fund raising.

Chairman Andrew Bell, who also chairs Red Rock, said the former retail company intended to move beyond uranium exploration.

"We are structuring with one aim only: uranium production, and production at all costs, no matter where in the world we have to go to achieve it," Mr Bell said in a statement.

"The current assets have promising grades and are a good start, and there is no reason to believe some of them could not make it all the way through to production, but they are only a start.

"This is a company with high ambitions."

Red Rock is also developing its interest in Jupiter Mines Ltd, acting in concert with its partner Pallinghurst Resources Australia Ltd, which recently failed in a takeover tilt for Consolidated Minerals.

Red Rock and Pallinghurst together control 18 per cent of Jupiter, a gold, nickel and iron ore explorer.

Retail Star shares closed steady at one cent.

By Nick Lenaghan