http://www.usetdas.com/TDAS/NewsArticle.aspx?NewsID=14495
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.
Hmmmm....still no clues?
"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."
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