Nov 16 (Reuters) - Red Rock Capital Corp RCCh.V
* Red Rock Capital to split shares and complete private placement
* Red Rock Capital Corp - board has elected to terminate letter of intent with Electric Metals Corp announced on October 16
* Red Rock Capital Corp - does not intend to pursue a transaction with electric metals at this time
* Red Rock Capital Corp - board has also approved a forward share split on basis of 2.33 common shares for every 1 common share currently outstanding