Red Rock Resources plc said it might have to file for administration if it fails to find sufficient funds to clear its debts. CREDITORS Of the total, the company owes £654,000 to Power Metal Resources plc in respect of their joint venture New Ballarat Gold Corporation plc in Australia. Rescheduled payments include two of £200,000 […]
Tag: New Ballarat Gold Corporation (NBGC) plc
Red Rock pays part of Australia JV share purchase
Red Rock Resources plc has paid part of the amount due to acquire its partner’s 49% share in their Australian gold exploration joint venture. CLNs The company announced earlier this year its intention to purchase Power Metal Resources plc’s share in New Ballarat Gold Corporation plc. NBGC, held by local operator Red Rock Resources Australasia […]
New Ballarat extends sale & purchase date
Power Metal Resources plc has agreed to extend the sale date of its 49.9% interest in its Australian gold joint venture to partner Red Rock Resources plc because of a national public holiday. EXPLORATION Red Rock owns 50.1% of New Ballarat Gold Corporation plc, which wholly owns Red Rock Australasia Pty Ltd (RRAL), the local operator with […]
Power Metal to sell 49.9% interest in Australia JV
Power Metal Resources plc has conditionally sold its 49.9% share in its Australian joint venture to partner Red Rock Resources plc for up to £1.5 million. BERRINGA The purchase, subject to Red Rock’s due diligence and shareholders’ approval, would be payable in cash, Red Rock ordinary shares and warrants. The two companies set up New Ballarat […]
Strike-off action stopped for Red Rock-Power Metal JV
The compulsory strike-off action has been discontinued against the Red Rock Resources and Power Metal Resources gold exploration joint venture in Australia. Companies House made the announcement today in respect of New Ballarat Gold Corporation.
Strike-off notice for Red Rock-Power Metal JV
Red Rock Resources plc and Power Metal Resources plc’s joint venture exploring for gold in Australia has been given first Gazette strike-off notice by the Companies Registrar. Companies House today published the notice to New Ballarat Gold Corp which owns 17 licences over 1,867km2 and the historic Berringa gold mine in the Victoria gold fields. […]