UNITED STATES

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

WASHINGTON, D.C. 20549

______________

FORM 8-K

CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

~~PURSUANT~~Date TOof ~~SECTION~~report 13(Date ORof ~~15(d~~earliest event reported): OFMarch ~~THE~~11, 2015

~~SECURITIES~~CROSS ~~EXCHANGE~~BORDER ~~ACT~~RESOURCES, ~~OF 1934~~INC.

~~Date of Report~~ (~~Date~~Exact name of ~~earliest~~registrant ~~event~~as ~~reported):~~ specified ~~August~~in ~~26,~~its ~~2014~~ charter)

CROSS BORDER RESOURCES, INC. (Exact Name of Registrant as Specified in Charter)

Nevada
(State or other jurisdiction of incorporation)

000-52738
(Commission File Number)

98-0555508
(I.R.S. Employer
Identification Number)

2515 McKinney Avenue, Suite 900, Dallas, Texas
(Address of principal executive offices)

75201

(Zip Code)

(210) 226-6700

(Registrant’s telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)

Nevada	000-52738	98-0555508
(State or Other Jurisdiction	(Commission	(IRS Employer
of Incorporation)	File Number)	Identification No.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

2515 McKinney Avenue, Suite 900
Dallas, Texas		75201
(Address of Principal Executive Offices)		(Zip Code)

¨		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~(210)~~Item ~~226-6700~~1.01 ~~(Registrant’s~~Entry ~~Telephone~~into ~~Number,~~a ~~Including~~Material ~~Area~~Definitive ~~Code)~~Agreement.

~~Not~~Purchase ~~Applicable~~and ~~(Former~~Sale ~~Name or Former Address, if Changed Since Last Report)~~Agreement

~~Check~~On ~~the~~April ~~appropriate~~21, ~~box~~2015, ~~below~~Cross Border Resources, Inc. if(“Cross Border”) entered into a purchase and sale agreement (the ~~Form~~“PSA”) ~~8-K~~with ~~filing~~RMR isOperating, ~~intended~~LLC to(“RMR Operating”), ~~simultaneously~~Black ~~satisfy~~Rock ~~the~~Capital, ~~filing~~Inc. ~~obligation~~(“Black ofRock”), ~~the~~RMR ~~registrant~~KS ~~under~~Holdings, ~~any~~LLC of(“RMR ~~the~~KS”) ~~following~~and Black Shale ~~provisions~~Minerals, LLC (~~see~~“Buyer”). ~~General~~Each ~~Instruction~~of ACross Border, RMR Operating, Black Rock and RMR KS is an operating subsidiary (together, the “Operating Subsidiaries”) of Red Mountain Resources, Inc.2. ~~below~~(“RMR,” and together with the Operating Subsidiaries, the “Companies”):.

~~☐ Written~~Pursuant to the PSA the Operating Subsidiaries ~~communications~~sold, ~~pursuant~~assigned, transferred and conveyed to ~~Rule~~Buyer, ~~425~~effective ~~under~~as of April 1, 2015, fifty percent (50%) of their right, title, and interest in and to certain oil and natural gas assets and properties (the ~~Securities~~“Assets”), ~~Act~~including their oil and natural gas leasehold interests, wells, contracts, and oil and natural gas produced after April 1, 2015 (17the ~~CFR~~“Sale”). ~~230~~The aggregate purchase price for the Assets under the PSA was $25.~~425)~~0 million, subject to certain adjustments, including post-closing adjustments for any title or environmental benefits or title or environmental defects resulting from Buyer’s title and environmental reviews.

~~☐ Soliciting~~The PSA contains customary representations, ~~material~~warranties ~~pursuant~~and covenants. Pursuant to ~~Rule~~the ~~14a-12~~PSA, ~~under~~the Operating Subsidiaries and Buyer have agreed to indemnify each other, their respective affiliates and their respective employees, officers, directors, managers, shareholders, members, partners, or representatives from and against all losses that such indemnified parties incur arising from any breach of representations, warranties or covenants in the ~~Exchange~~PSA ~~Act~~and ~~(17~~certain ~~CFR~~other ~~240~~matters.~~14a-12)~~

~~☐ Pre-commencement~~The Companies intend to use the cash consideration ~~communications~~from ~~pursuant~~the Sale to ~~Rule~~repay ~~14d-2(b)~~a ~~under~~portion of the ~~Exchange~~outstanding ~~Act~~balance ~~(17~~on ~~CFR~~the ~~240.14d-2~~Credit Agreement (bas defined below)), pay accounts receivable and for working capital.

~~☐ Pre-commencement communications~~Third ~~pursuant~~Amendment toand ~~Rule~~Waiver ~~13e-4(c)~~to ~~under~~ the ~~Exchange~~Credit ~~Act (17 CFR 240.13e 4(c))~~Agreement

~~Item 1.01. Entry~~On March 11, 2015, Cross Border entered into an amendment and waiver (the “Third Amendment”) to the Senior First Lien Secured Credit Agreement, dated February 5, 2013, as amended (the “Credit Agreement”), with RMR, Black Rock and RMR Operating (together with Cross Border, the “Borrowers”) and Independent Bank (“Lender”). Pursuant to the Third Amendment, (i) the Lender waived any default or right to exercise any remedy as a ~~Material~~result ~~Definitive~~of the failure by the Borrowers to be in compliance with the requirements of Section 6.18 of the Credit Agreement with respect to the permitted ratio of consolidated current assets to consolidated current liabilities of Borrowers for the fiscal quarter ended September 30, 2014; and (ii) the borrowing base was decreased from $30 million to $27.8 million, effective as of March 1, 2015, and the commitment amount was decreased to $27.8 million, subject to monthly commitment reductions of $350,000 beginning March 1, 2015.

OnThe ~~August~~foregoing ~~26, 2014, Cross Border Resources,~~description ~~Inc.~~of (the ~~“Company”)~~Third ~~entered~~Amendment ~~into~~is aqualified ~~settlement~~in ~~agreement~~its ~~with~~entirety ~~KeyBanc~~by ~~Capital~~reference ~~Markets, Inc. (“KeyBanc”), settling a lawsuit between the parties. The lawsuit related~~ to ~~an engagement letter pursuant to which KeyBanc was to act as~~ the ~~exclusive~~ ~~financial~~Third ~~advisor~~Amendment, toa ~~the~~copy ~~Company’s board~~ of ~~directors~~which inis ~~connection~~filed ~~with~~herewith ~~a possible “transaction”~~ as ~~defined~~ ~~in the engagement letter~~Exhibit 10.1 ~~In connection with the settlement, the Company agreed to pay KeyBanc $900,000 in three equal installments on or before August 28, 2014, October 31, 2014~~ and ~~December~~is ~~31,~~incorporated ~~2014,~~herein ~~and~~by ~~the parties agreed to mutual releases of liability related to the engagement letter~~reference.

2Fourth Amendment to the Credit Agreement

~~SIGNATURE~~In conjunction with the PSA, on April 21, 2015, Cross Border entered into an amendment (the “Fourth Amendment”) to the Credit Agreement, with the other Borrowers and the Lender. Pursuant to the Fourth Amendment, the borrowing base was decreased from $27.8 million to $12.4 million, effective as of April 21, 2015, and the commitment amount was decreased to $12.4 million. In addition, the monthly commitment reduction amount was set to $0 as of April 1, 2015.

~~Pursuant~~The toforegoing description of the ~~requirements~~Fourth ofAmendment ~~the~~is ~~Securities Exchange~~qualified ~~Act~~in ofits ~~1934,~~entirety ~~the~~by ~~registrant~~reference ~~has~~to ~~duly~~the ~~caused~~Fourth ~~this~~Amendment, ~~report~~a tocopy beof ~~signed~~which onis ~~its~~filed ~~behalf~~herewith byas Exhibit ~~the~~10.2 ~~undersigned~~and ~~hereunto~~is ~~duly~~incorporated ~~authorized~~herein by reference.

~~Dated:~~Item ~~August~~2.01. ~~27,~~Completion ~~2014~~of Acquisition or Disposition of Assets.

~~CROSS~~The ~~BORDER~~information ~~RESOURCES,~~set ~~INC.~~forth ~~By:~~in ~~/s/~~Item ~~Alan W~~1.01 above ~~Barksdale~~with ~~Alan~~respect W.to ~~Barksdale~~the ~~Chairman~~PSA ofis ~~the~~incorporated ~~Board~~herein by reference.

3Item 9.01 Financial Statements and Exhibits.

(b) Pro Forma Financial Information.

The following unaudited pro forma consolidated financial statements of Cross Border will be filed by amendment when available:

Unaudited Pro Forma Condensed Consolidated Balance Sheet as of March 31, 2015.

Unaudited Pro Forma Condensed Consolidated Statement of Operations and Comprehensive Income for the Three Months Ended March 31, 2015.

Unaudited Pro Forma Condensed Consolidated Statement of Operations and Comprehensive Income for the Fiscal Year Ended December 31, 2014.

(d) Exhibits

Exhibit No.	Description of Exhibit
10.1	Amendment and Waiver, effective as of March 1, 2015, by and among Independent Bank, as Lender, and Red Mountain Resources, Inc., Cross Border Resources, Inc., Black Rock Capital, Inc. and RMR Operating, LLC, as Borrowers.

10.2	Amendment, effective as of April 21, 2015, by and among Independent Bank, as Lender, and Red Mountain Resources, Inc., Cross Border Resources, Inc., Black Rock Capital, Inc. and RMR Operating, LLC, as Borrowers.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

Date: April 27, 2015	RED MOUNTAIN RESOURCES, INC.

	By:	/s/ Alan W. Barksdale
		Alan W. Barksdale Chairman of the Board

EXHIBIT INDEX

Exhibit No.	Description of Exhibit
10.1	Amendment and Waiver, effective as of March 1, 2015, by and among Independent Bank, as Lender, and Red Mountain Resources, Inc., Cross Border Resources, Inc., Black Rock Capital, Inc. and RMR Operating, LLC, as Borrowers.

10.2	Amendment, effective as of April 21, 2015, by and among Independent Bank, as Lender, and Red Mountain Resources, Inc., Cross Border Resources, Inc., Black Rock Capital, Inc. and RMR Operating, LLC, as Borrowers.

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