Ruby Red Resources Inc.
TSX VENTURE : RRX

Ruby Red Resources Inc.

July 10, 2009 16:05 ET

Ruby Red Resources Announces Completion of Private Placement

CALGARY, ALBERTA--(Marketwire - July 10, 2009) - Ruby Red Resources Inc. ("Ruby Red" or the "Company") (TSX VENTURE:RRX) is pleased to announce that it has completed the final tranche of its previously announced non-brokered private placement of units ("Units"). Each Unit consists of one common share and one non-transferable common share purchase warrant entitling the holder to acquire one additional common share at a price of $0.15 per common share for a period of 24 months from the date of issuance. An aggregate of 100,000 Units were issued at a price of $0.10 per Unit for gross proceeds of $10,000. All of the common shares and warrants issued under the financing are subject to a hold period expiring on November 11, 2009.

About Ruby Red Resources Inc.

Ruby Red was formed to participate in the acquisition, exploration and development of mineral claims in the Fort Steele Mining Division of British Columbia for the purpose of exploring for precious and base metals. Ruby Red holds 100% working interests in 144 mineral claims (approximately 44,000 hectares), all located within 80 kilometres of Cranbrook, B.C. in the Purcell and Rocky Mountains.

Neither the TSX Venture Exchange nor Its regulation services provider (as that term is defined in the policies of The TSX Venture Exchange) accepts responsibilty for the adequacy or accuracy of this release.

Contact Information