Ruby Red Resources Inc.
TSX VENTURE : RRX

Ruby Red Resources Inc.

June 03, 2009 23:59 ET

Early Warning Report in Accordance With National Instrument 62-103

CALGARY, ALBERTA--(Marketwire - June 3, 2009) - On June 2, 2009, Mr. Gregory Ewonus, a director and chairman of Ruby Red Resources Inc. ("Ruby Red" or the "Corporation") (TSX VENTURE:RRX), directly acquired ownership of 1,000,000 units (the "Units") of the Corporation at a price of $0.10 per Unit as part of the first tranche of the Corporation's private placement of Units. Each Unit is comprised of one common share (a "Common Share") in the capital of the Corporation and one common share purchase warrant (a "Warrant") and, accordingly, Mr. Ewonus acquired 1,000,000 Common Shares and 1,000,000 Warrants.

Prior to giving effect to the acquisition of the Units, Mr. Ewonus owned or controlled an aggregate of 4,045,400 Common Shares (or 14.1% of the issued and outstanding Common Shares (non-diluted) as well as common share purchase warrants to acquire up to 336,600 Common Shares and stock options to acquire up to 230,000 Common Shares. After giving effect to the acquisition of the Units, Mr. Ewonus now owns or controls an aggregate of 5,045,400 Common Shares (or 16.69% of the issued and outstanding Common Shares (non-diluted)) as well as common share purchase warrants to acquire up to 1,336,600 Common Shares and stock options to acquire up to 230,000 Common Shares. Mr. Ewonus advises that the Units were acquired for investment purposes only and that he may acquire additional securities of the Corporation, dispose of some or all of the securities he now owns or controls, or may continue to hold his current position. The Common Shares of the Corporation are listed on the TSX Venture Exchange under the trading symbol "RRX".

%SEDAR: 00024735E

Contact Information


  • Gregory Ewonus
    Director
    (403) 770-1346