Red Rock Resources - Re: RRR Stream Log - The "a shareholder" was i...

The "a shareholder" was i believe Thomas Crom the FD - and the price per share paid $0.05...we will come back to that but according to the RRR RNS' ...RED ROCK RESOURCES ACQUIRES OPTION IN KANSAI MINING CORPORATION London, United Kingdom- February 1, 2012 - Red Rock Resources PLC ("Red Rock") announced today that it has acquired from a shareholder of Kansai Mining Corporation ("Kansan an option over 5,923,237 common shares in Kansai at an aggregate purchase price of the greater of (i) U5$0.05 per common share, and (ii) 85% of the amount of the valuation of Kansai's assets (to be undertaken by Red Rock), at any time in the next four years. The option is exercisable for $1. If the option is exercised, the common shares would represent in the aggregate approximately 4.94% of Kansai's issued and outstanding capital. After giving effect to the transaction, Red Rock now owns and controls, or has the option to own and control, 45,552,237 common shares of Kansai representing 37.96% of the total issued and outstanding common shares of Kansai. Red Rock acquired the common shares for investment purposes. Depending on market and other conditions, Red Rock may, from time to time, increase or decrease its ownership, control or direction over the common shares or other securities of Kansai. For Further Information: Andrew Bell +442074024580 or Red Rock Resources pic Chairman +447766474849 Sandra Spencer +442074024580 or Red Rock Resources pic Public and Investor +447757 660 798 Relations Phil Davies/David Porter +442074440800 Religare Capital Markets Nominated Adviser Nick Emerson +44 1483 413500 Simple Investments Ltd Broker Updates on the Company's activities are regularly posted on its website, www.rrrplc.com