Red Mountain Resources Inc. (fka RDMPQ)

[SeaOhToo]

So much for that portfolio of assets.....

On October 18, 2012, the Company, Hunter Drilling and the Trustee entered into a termination agreement (“Termination Agreement”) terminating the Purchase Agreement. Pursuant to the Termination Agreement, following the satisfaction by the Company and Hunter Drilling of certain conditions as set forth in the Termination Agreement, the Trustee returned the $250,000 deposit previously paid by Hunter Drilling to the Trustee pursuant to the Purchase Agreement and the Purchase Agreement was deemed terminated effective as of October 23, 2012.

Another FAILED deal. NO CASH!