Red Rock Energy Inc. Joint Venture Letter of Intent Expires

RED ROCK ENERGY Inc. (TSX VENTURE:RRK) ("Red Rock" or "the Company") announced
today that the Company has received a demand notice in relation to the loan of
$750,000 received from 1262430 Alberta Ltd. ("1262430") on June 13, 2011.
Pursuant to the terms of the agreement entered into by the parties, interest on
the loan was to accrue at a rate of 12% per annum and was initially to have a
term of one year. By mutual consent that term was extended by 18 months, however
management of 1262430 has since determined to grant no further extensions and
has demanded full repayment of monies due. The loan was secured by a first
charge against Red Rock's Saskatchewan mineral properties. Management of Red
Rock is exploring alternative strategies to settle this demand for payment.


For further information regarding Red Rock Energy Inc., please refer to the
Company's filings available on SEDAR (Http://www.sedar.com). 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Red Rock Energy Inc.
Sandy Loutitt
President
(403) 685-9892
www.redrockenergy.ca

Red Rock Energy Inc. (TSXV:RRK)
과거 데이터 주식 차트
부터 10월(10) 2024 으로 11월(11) 2024