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SeaOhToo

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SeaOhToo

Re: None

Wednesday, 05/15/2013 7:39:56 AM

Wednesday, May 15, 2013 7:39:56 AM

Post# of 773
What a fricken JOKE!

Red Mountain Resources, Inc. (OTCQB : RDMP.QB) (the "Company") announced today that it plans to offer 30,000,000 shares of its common stock in an underwritten public offering, subject to market conditions. The Company intends to use the net proceeds from the offering to repay outstanding indebtedness and to fund drilling and development of its properties.

Hello, 30 million shares @ .70 cant even pay off the debt, never mind fund any drilling or development!
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