Jan 30 (Reuters) - Red 5 Ltd RED.AX :
* SOLD ITS 10.5% INTEREST IN RED 5 LIMITED FOR ABOUT A$39 MILLION
* PROCEEDS OF SALE TO BE USED TO PAY DEBT ASSOCIATED WITH ACQUISITION OF SHARE OF KALGOORLIE SUPER PIT
* SALE WAS COMPLETED AT A30C PER SHARE VIA A BOOK BUILD PROCESS