The Directors of Red Gum Resources Limited announce that the company has entered into a binding heads of agreement to acquire 100% of the issued capital of Holiday Planet Pty Ltd. Upon settlement occurring, the following directors of Holiday Planet will join the Board of Red Gum: Alan Dodson ­ Executive Chairman: Alan Dodson was founder of The Holiday Planet Pty Ltd. in May 2001 and Michael Croy, ­Operations Director. Michael joined the Holiday Planet Group in 2002 where his responsibilities included information technology management and recruitment in addition to the overall logistical and operational management.