Saturday, February 02, 2013 10:54:15 AM
"On January 28, 2013, pursuant to privately negotiated transactions, Red Mountain Resources, Inc. (the “Company”) acquired 5,091,210 shares of common stock of Cross Border Resources, Inc. (“Cross Border”) from a limited number of stockholders of Cross Border in exchange for the issuance of 10,182,420 shares of the Company’s common stock, bringing the Company’s total ownership to approximately 77.9% of the outstanding Cross Border common stock."
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