|UNITED STATES||OMB APPROVAL|
|SECURITIES AND EXCHANGE COMMISSION||OMB Number:||3235-0101|
|Washington, D.C. 20549||Expires:||February 28, 2014|
|Estimated average burden|
|FORM 144||hours per response||1.00|
|NOTICE OF PROPOSED SALE OF SECURITIES||SEC USE ONLY|
|PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933||DOCUMENT SEQUENCE NO.|
ATTENTION: Transmit for filing 3 copies of this form concurrently with either placing an order with a broker to execute sale or executing a sale directly with a market maker.
|1 (a) NAME OF ISSUER (Please type or print)||(b) IRS IDENT. NO.||(c) S.E.C. FILE NO||WORK LOCATION|
|CROSS BORDER RESOURCES, INC.||98-0555508||000-52738|
|1 (d) ADDRESS OF ISSUER||STREET||CITY||STATE||ZIP CODE||(e) TELEPHONE NO|
22610 US Highway 281 N.
|SAN ANTONIO||TX||78258||210 226-6700|
|2 (a) NAME OF PERSON FOR WHOSE ACCOUNT THE SECURITIES ARE TO BE SOLD||(b) RELATIONSHIP TO ISSUER||(c) ADDRESS STREET||CITY||STATE||ZIP CODE|
LAWRENCE J. RISLEY
(for shares held indirectly through the Risley Revocable Living Trust)
|PRESIDENT AND CHIEF OPERATING OFFICER||
22610 US Highway 281 N.
INSTRUCTION: The person filing this notice should contact the issuer to obtain the I.R.S. Identification Number and the S.E.C. File Number.
|3 (a)||(b)||SEC USE ONLY||(c)||(d)||(e)||(f)||(g)|
|Title of the||Number of Shares||Aggregate||Number of Shares||Approximate||Name of Each|
|Class of||Name and Address of Each Broker Through Whom the||Broker-Dealer||or Other Units||Market||or Other Units||Date of Sale||Securities|
|Securities To Be Sold||Securities are to be Offered or Each Market Maker||File Number||To Be Sold||Value||Outstanding||(See instr. 3(f))||Exchange|
|who is Acquiring the Securities||(See instr. 3(c))||(See instr. 3(d))||(See instr. 3(e))||(MO. DAY YR.)||(See instr. 3(g))|
1710 W. Lake Houston Parkway
Suite 190, Woodforest Bank Bldg
Kingwood, TX 77339
($1.80 closing price on May 11, 2012)
|1.||(a)||Name of issuer||3.||(a)||Title of the class of securities to be sold|
|(b)||Issuer’s I.R.S. Identification Number||(b)||Name and address of each broker through whom the securities are intended to be sold|
|(c)||Issuer’s S.E.C. file number, if any||(c)||Number of shares or other units to be sold (if debt securities, give the aggregate face amount)|
|(d)||Issuer’s address, including zip code||(d)||Aggregate market value of the securities to be sold as of a specified date within 10 days prior to filing of this notice|
|(e)||Issuer’s telephone number, including area code||(e)||Number of shares or other units of the class outstanding, or if debt securities the face amount thereof outstanding, as shown by the most recent report or statement published by the issuer|
|(f)||Approximate date on which the securities are to be sold|
|2.||(a)||Name of person for whose account the securities are to be sold||(g)||Name of each securities exchange, if any, on which the securities are intended to be sold|
|(b)||Such person’s relationship to the issuer (e.g., officer, director, 10% stockholder, or member of immediate family of any of the foregoing)|
|(c)||Such person’s address, including zip code|
TABLE I — SECURITIES TO BE SOLD
Furnish the following information with respect to the acquisition of the securities to be sold
and with respect to the payment of all or any part of the purchase price or other consideration therefor:
|Nature of Acquisition Transaction||
Name of Person from Whom Acquired
(If gift, also give date donor acquired)
|Nature of Payment|
(See Note 1)
(See Note 1)
|Issuer||188,844||1/3/2011||See Note 1|
|INSTRUCTIONS:||If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.|
TABLE II — SECURITIES SOLD DURING THE PAST 3 MONTHS
Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.
|Name and Address of Seller||Title of Securities Sold||Date of Sale||
Note 1 – Effective January 3, 2011, Cross Border Resources, Inc. completed the acquisition of Pure Energy Group, Inc. (“Pure Sub”) as contemplated pursuant to the Agreement and Plan of Merger dated December 2, 2010 among the Company, Doral Acquisition Corp., the Company’s wholly owned subsidiary (“Doral Sub”), Pure Gas Partners II, L.P. (“Pure”) and Pure Sub. Upon completion of this merger, the outstanding shares of Pure Sub were converted into an aggregate of 9,981,536 shares of the Company’s common stock. Lawrence J. Risley was a partner in Pure prior to the merger. On February 9, 2011, Pure distributed its shares of the Company to its limited partners. Mr. Risley through the Risley Revocable Trust received 188,844 of these shares.
|See the definition of “person” in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.||The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.|
|May 15, 2012||/s/ Lawrence J. Risley|
|DATE OF NOTICE||(SIGNATURE)|
|DATE OF PLAN ADOPTION OR GIVING OF INSTRUCTION, IF RELYING ON RULE 10B5-1||
The notice shall be signed by the person for whose account the securities are to be sold. At least one copy of the notice shall be manually signed.
Any copies not manually signed shall bear typed or printed signatures.
|ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)|
SEC 1147 (02-08)