Unassociated Document
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13D
(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)

(Amendment No. 1)*

CROSS BORDER RESOURCES, INC.
(Name of Issuer)
 
Common Stock
(Title of Class of Securities)
 
227443108
(CUSIP Number)
 
Alan W. Barksdale
2515 McKinney Avenue, Suite 900
Dallas, Texas 75201
720-204-1013
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
 
August 16, 2011
(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box.

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See Rule 13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person=s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information that would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 
 
 
 

CUSIP No.  227443108
SCHEDULE 13D
Page 2 of 6 Pages
 
1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
 
Red Mountain Resources, Inc.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a)   o
(b)   o
 
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
 
  o
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Florida
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
 
2,354,699
8
SHARED VOTING POWER
 
0
9
SOLE DISPOSITIVE POWER
 
2,354,699
10
SHARED DISPOSITIVE POWER
 
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
2,354,699
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
o
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
14.6%
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
CO
 
 
 
 

CUSIP No.  227443108
SCHEDULE 13D
Page 3 of 6 Pages
 
1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
 
Black Rock Capital, Inc.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a)   o
(b)   o
 
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
N/A
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
 
  o
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Arkansas
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
 
0
8
SHARED VOTING POWER
 
2,136,164
9
SOLE DISPOSITIVE POWER
 
0
10
SHARED DISPOSITIVE POWER
 
2,136,164
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
2,136,164
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
o
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
13.2%
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
CO

 
 
 
 

CUSIP No.  227443108
SCHEDULE 13D
Page 4 of 6 Pages
 
1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
 
Alan W. Barksdale
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a)   o
(b)   o
 
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
N/A
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
 
  o
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
 
2,354,699
8
SHARED VOTING POWER
 
0
9
SOLE DISPOSITIVE POWER
 
2,354,699
10
SHARED DISPOSITIVE POWER
 
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
2,354,699
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
o
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
14.6%
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
IN


 
 
 

CUSIP No.  227443108
SCHEDULE 13D
Page 5 of 6 Pages
 
This Amendment No. 1 amends the original Schedule 13D (“Schedule 13D”) previously filed by Red Mountain Resources, Inc. (“Red Mountain”), Black Rock Capital, Inc. (“Black Rock”) and Alan W. Barksdale (“Barksdale”) with respect to ownership of the common stock, par value $0.001 per share (“Common Stock”), of Cross Border Resources, Inc., a Nevada corporation (the “Issuer”).  Unless set forth below, all previous Items are unchanged. Capitalized terms used herein which are not defined herein have the meanings given to them in the Schedule 13D, as amended, previously filed with the SEC.

The percentage of beneficial ownership reflected in this Schedule 13D is based upon 16,151,946 shares of Common Stock outstanding as of August 8, 2011.

Item 3.  Source of Funds or Other Consideration.

Item 3 of the Schedule 13D is hereby amended to add the following:

On August 16, 2011, Red Mountain purchased an additional 218,535 shares of the Common Stock of the Issuer in exchange for the issuance of 273,169 shares of Red Mountain’s common stock.

Item 5.  Interest in Securities of the Issuer.

Item 5 of the Schedule 13D is hereby amended in its entirety to read as follows:

Each of Red Mountain and Barksdale is deemed to be the beneficial owner of 2,354,699 shares of the Issuer’s Common Stock, or approximately 14.6% of the Issuer’s outstanding Common Stock.  This represents 218,535 shares of Common Stock held by Red Mountain and 2,136,164 shares of Common Stock held by Black Rock, Red Mountain’s wholly owned subsidiary.  Black Rock is deemed to be the beneficial owner of 2,136,164 shares of the Issuer’s Common Stock held by it.  Does not include warrants to purchase 2,136,164 shares of Common Stock of the Issuer held by Black Rock which are not exercisable and will not become exercisable within 60 days.  Barksdale is the Chief Executive Officer of Red Mountain and an officer of Black Rock.  As such, Barksdale has the authority to vote the shares of Common Stock on behalf of Red Mountain and Black Rock.

In the past 60 days, Red Mountain effected the transaction described under Item 3 above and such transaction is incorporated by reference herein.

Item 7.  Material to be filed as Exhibits.
 
Item 7 of the Schedule 13D is hereby amended to add the following:
 
10.5.
Stock Purchase and Sale Agreement among Red Mountain Resources, Inc. and Randell K. Ford.
 
 
 
 

CUSIP No.  227443108
SCHEDULE 13D
Page 6 of 6 Pages
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated August 17, 2011

  RED MOUNTAIN RESOURCES, INC.  
       
 
By:
/s/ Alan W. Barksdale  
   
Alan W. Barksdale, CEO
  
       
       

 
BLACK ROCK CAPITAL, INC.
  
       
 
By:
/s/ Alan W. Barksdale  
   
Alan W. Barksdale, President
  
       
       
       
 
 
 /s/ Alan W. Barksdale  
   
Alan W. Barksdale