17 March 2021 | 07:48am
StockMarketWire.com - Mining group Red Rock Resources noted that Jupiter Mines, of which it holds an under 1% stake, had announced a delay to May if the expected IPO of iron ore spin-out Juno Minerals.
Red Rock also said its Australian joint venture with Power Metal Resources had been awarded another two licences and was on track with its initial public offering. Jupiter had to alter its listing timetable for Juno due to a compliance issue with one overseas shareholder in relation to its obligations under the Foreign Acquisitions and Takeovers Act 1975 of Australia and its implementing regulations, chief executive Andrew Bell said