Red Rock Energy Inc.
TSX VENTURE : RRK

Red Rock Energy Inc.

February 23, 2011 17:40 ET

Red Rock Energy Inc. Retains Investor Relations Provider

CALGARY, ALBERTA--(Marketwire - Feb. 23, 2011) -

NOT FOR DISSEMINATION IN THE UNITED STATES

RED ROCK ENERGY INC. (TSX VENTURE:RRK) ("Red Rock" or the "Corporation") is pleased to announce that, subject to TSX Venture Exchange acceptance, it has retained Mr. Rick Couronne of Calgary, Alberta to provide investor relations and financial communications services.

Mr. Couronne will assist the Corporation in fostering productive and continuing dialogues with analysts, brokers, investors and other investment professionals. In exchange for his services, Mr. Couronne will receive monthly compensation of $4,000.00 for an initial three month term, subject to renewal for a further six month period at the sole discretion of the Corporation on such terms as may be agreed to between the parties. In addition, and upon TSX Venture Exchange acceptance, the Corporation will also issue to Mr. Couronne options to acquire a total of 150,000 common shares of Red Rock. The aforementioned options will be granted concurrently with the execution of the consulting agreement, will vest as to one twelfth per month during the first 12 months of the agreement and will be exercisable at $0.23 per share, being the closing price of the shares on the date of this press release. The options will expire 30 days after the expiration of the contract

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Red Rock Energy Inc.
    Sandy L. Loutitt
    President
    (403) 685-1047
    (403) 410-3854 (FAX)
    or
    Red Rock Energy Inc.
    David E.T. Pinkman
    Vice President
    (403) 685-1047
    (403) 410-3854 (FAX)