Red Rock Capital Corp.
TSX VENTURE : RRD.P

November 24, 2009 11:28 ET

Red Rock Capital Corp. Completes Initial Public Offering

TORONTO, ONTARIO--(Marketwire - Nov. 24, 2009) -

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Red Rock Capital Corp. (TSX VENTURE:RRD.P) ("Red Rock"), a capital pool company, is pleased to announce that it has completed its initial public offering ("Offering") of 1,493,600 common shares at a price of $0.20 per share for gross proceeds of $298,720.

The net proceeds of the Offering will be used to identify and evaluate assets or businesses for acquisition with a view to completing a Qualifying Transaction under the Capital Pool Company program of the TSX Venture Exchange as disclosed in Red Rock's prospectus dated August 27, 2009. Red Rock's common shares have been conditionally approved for listing on the TSX Venture Exchange. Red Rock expects its common shares will commence trading shortly under the symbol RRD.P. Red Rock granted stock options to its directors and officers to acquire an aggregate of 274,360 common shares at a price of $0.20 per share exercisable until November 23, 2014.

Integral Wealth Securities Limited acted as the lead agent for the Offering with Canaccord Capital Corporation and Global Maxfin Capital Inc. acting as the sub-agents (together, the "Agents"). In connection with the Offering, Red Rock granted to the Agents a non-transferable option to purchase up to an aggregate of 149,360 common shares at a price of $0.20 per share exercisable for a period of 24 months from the date Red Rock's common shares are listed on the TSX Venture Exchange.

Forward-looking information:

Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Red Rock assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Red Rock. Additional information identifying risks and uncertainties is contained in Red Rock's filings with the Canadian securities regulators, which filings are available at www.sedar.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

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