FSC / Press Release
Red Rock Resources plc Acquires Shares in Cue Resources Ltd.
Vancouver, British Columbia CANADA, November 11, 2009 /FSC/ - Cue Resources Ltd. (CUE - TSX Venture),
Red Rock Resources plc ("RRR") issues this press release pursuant to National Instrument 62-103 Early Warning System and Related Issues with respect to Cue Resources Ltd. (the "Issuer").
Pursuant to a non-brokered private placement announced by the Issuer May 7, 2009 and amended June 23, 2009, RRR has acquired units 9,898,000 units ("Units") of the Issuer at a subscription price of $0.10 per Unit for an aggregate purchase price of $989,800. Each Unit consists of one common share of the Issuer and one whole share purchase warrant, with a whole warrant entitling the holder to acquire one additional common share of the Issuer at a price of $0.15. The warrants are exercisable for a period of 24 months from the date of closing.
The securities represent in the aggregate approximately 15.81% of the Issuer's issued and outstanding capital, and on a partially diluted basis after the exercise of warrants held by RRR only, approximately 27.30% of the Issuer.
RRR acquired these securities from the Issuer directly for investment purposes, thus depending on the economic or market conditions or matters relating to the Issuer, RRR may choose to either acquire additional securities or dispose of the Issuer.
About RRR
RRR is a mineral exploration and investment company investing in iron ore, manganese, gold and uranium in Australia, Africa, and South America.
For more information on RRR, please visit www.rrrplc.com
On behalf of the Board of Directors
RED ROCK RESOURCES PLC
Andrew Bell
Chairman and CEO
For more information, please contact
RRR
Andrew Bell +44 207 402 4580
admin@rrrplc.com
www.rrrplc.com
Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute Forward-looking statements. Such statements are based on numerous assumptions and are subject to all the risks anduncertainties inherent in the Company's business, including risks related to mineral exploration and development. Consequently, actual results may vary materially from those described in the forward-looking statements.
The TSX Exchange does not accept responsibility for the adequacy or accuracy of this release.
115 Eastbourne Mews, London W2 6LQ
Tel: +44 207 402 4580 Fax: +44 207 402 8738 www.rrrplc.com
Red Rock Resources Plc - Company No 05225394 - Registered Office: 3F, 55 Gower Street, London WC1E 6HQ
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