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BLACK ROCK MINING LIMITED Capital/Financing Update 2011

Jun 2, 2011

64531_rns_2011-06-02_aea95014-7cad-4150-991b-166a9facc2c5.pdf

Capital/Financing Update

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ASX Announcement

Company Announcements Office Australian Securities Exchange

By e-lodgement

3 June 2011

(ASX Code GRK)

Underwritten Non-Renounceable Rights Issue – Under-subscription notification

Green Rock Energy Limited (“Green Rock”) announces that on 31 May 2011, it closed its offer pursuant to a prospectus for a pro-rata non-renounceable rights issue ("Rights Issue") to Green Rock's shareholders of 169,006,348 shares and 169,006,348 free attaching options to raise approximately $3,042,114 (before expenses) on the basis of one (1) new share and one (1) free attaching option for every three (3) shares held on the record date at an issue price of 1.8 cents per share.

The number of shares taken up by shareholders was 58,144,317. The Rights Issue was underwritten and the shortfall of new shares not taken up by shareholders will be dealt with by the Underwriter to the Rights Issue, Cygnet Capital Pty Limited, in accordance with the terms of the underwriting agreement.

The Rights Issue raised approximately $ 1,046,598.

The holding statements for the shares and free attaching options will be dispatched on 8 June 2011.