|By Marketwired .||
|April 22, 2014 02:35 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/22/14 -- Redhill Resources Corp. (TSX VENTURE: RHR) ("Redhill" or the "Company") reports that further to its news release dated December 19, 2013, wherein it announced it acquired a 100% interest in a total of 7 crown petroleum and natural gas leases (the "Leases") in the Government of Alberta's December 18, 2013 public offering of Crown land rights, and that the Leases had been optioned to High North Resources Ltd. ("High North"), the Leases have now been sold to High North for total consideration of $2,162,405.
Redhill retains a 2.5% gross overriding royalty in any production from the Leases.
REDHILL RESOURCES CORP.
Andrew Bowering, President & CEO
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
"This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements."