Redhill Resources Corp

Redhill Resources Corp

February 08, 2011 16:50 ET

Redhill Increases Private Placement to $3,000,000

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 8, 2011) - Redhill Resources Corp. (TSX VENTURE:RHR) ("Redhill" or the "Company") reports it has increased the amount of its non-brokered private placement, announced January 21, 2011, from 25,000,000 units (the "Units") to 30,000,000 units for gross proceeds of $3,000,000. All other terms of the private placement remain as announced.

Proceeds of this private placement will be used to fund exploration on the Gascoyne projects, to advance the Honey Comb Hills and Morgan rare-earth properties and for general working capital.


Graham Harris, Chairman

"This news release may contain forward–looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements."

"The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release."

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