Business
Update - Resource Star Limited
Update - Resource Star Limited.
About this update from Red Rock Resources Plc
[{"type":"text","content":"\n \nRNS Number : 8023N Red Rock Resources plc 01 August 2014 \n \n\nRed Rock Resources Plc\n(\"Red Rock\" or the \"Company\")\nUpdate - Resource Star Limited\n01 August 2014\nRed Rock Resources plc (\"Red Rock\"), the mining and exploration company with gold interests in Colombia, Kenya, and Ivory Coast, is pleased to announce developments at its associate company Resource Star Limited (\"RSL\" or \"Resource Star\"). \n \nResource Star, the Australian listed (ASX:RSL) company in which Red Rock has 65.3m shares (a 20.94% holding) and 5.21m options exercisable at $0.004, has secured an exclusive Option to acquire 100% of the issued capital of Australian cloud computing service and infrastructure provider Cloud Lands Digital Fortress Pty Ltd (\"Cloud Lands\") which is subject to due diligence and shareholder approval at a General Meeting. \n \nCloud Lands intends to become a provider of highly secure cloud services to the Tier 2 enterprise and SME market. By working with a leading Tier 1 global multibillion dollar IT services and hardware supplier with which it has signed an MOU, Cloud Lands expects to offer a combination of Tier 1 enterprise level support and industry leading cloud hardware and software platforms. They have also signed MOUs with a world leading global multibillion dollar IT networking and computing hardware vendor and the pre-eminent global security equipment and software supplier to offer an integrated and secure enterprise class hardware, software and service solution.\n \nRed Rock and RSL Chairman Andrew Bell, in a statement on this development, says, \n \n\"Resource Star faced a problematic future with the uranium industry still out of favour. Several months ago we took executive control and actively sought out key investors and the projects they might bring This Option agreement is the latest milestone in that continuing process There is a gap in the market here that has attracted RSL to Cloud Lands' business model; large cloud service providers offer premium services to Tier 1 companies, but few platforms are on offer to Tier 2 and SME customers, and those that are do not provide the same service level. The business record and connections of the key personnel will give the business in RSL's view a good chance of success in a fast moving marketplace.\n \nAccording to Forbe...