Rainbow Resources Completes Acquisition of Graphite Claims adjacent to Eagle Graphite property
2013年8月7日 - 3:04AM
Access Wire
TORONTO, ONTARIO, August 6, 2013 --
Rainbow Resources Inc. (TSX VENTURE:RBW) (OTCQX:RIINF) ("Rainbow"
or the "Company") is pleased to announce that it has
completed the acquisition of a 100% interest in 25 mining claims,
comprising a total of 14,068 hectares, in the Valhalla range of
southeastern British Columbia. Originally Rainbow had agreed to
acquire 4 claims (totaling 4,123 hectares) but this has now been
expanded to include an additional 21 claims (9,945 ha.).
Rainbow has agreed to pay a total of
$25,000 over a 10-month period from September 2013 to May 2014 and
issue 500,000 common shares of the Company. The purchase also
includes the acquisition of 3 additional mining claims (4,188 ha.)
adjacent to the Company's Rhea property and 2 additional claims (42
ha.) adjacent to the Whitewater property.
These claims are strategically
located in the heart of the Valhalla Metamorphic Complex in the
immediate vicinity of the privately owned Eagle Graphite mine, the
only operating flake graphite mine in western North America. Figure
1 shows the location of the claims, a copy of this location map is
also available on the Company's web site. Rainbow has commenced
some preliminary prospecting on a portion of the property and plans
to follow up with a field program of mapping and sampling this
fall.
The transaction is subject to final
approval of the TSX Venture Exchange.
For further information: President David W. Johnston -
(403) 701-2781.
Visit our website at
www.RainbowResourcesRBW.com
About Rainbow
Resources:
Rainbow is a Canadian
based junior exploration company focused on building shareholder
wealth through aggressive exploration in two favourable and proven
mining jurisdictions - the West Kootenays in southeast British
Columbia (silver, gold and flake graphite), and Nevada where
Rainbow's Jewel Ridge gold-silver project is in the heart of a
major producing district. Rainbow's shares are listed for trading
on the TSX Venture Exchange under the symbol RBW.V, and on the
OTCQX International under the symbol RIINF. Rainbow currently has
45,720,052 common shares issued and outstanding.
Click image to see full size.
Figure 1 - Location
Map
Caution Regarding Forward-Looking
Information
This news release includes certain
information that may constitute "forward-looking information" under
applicable Canadian securities legislation. Forward-looking
information includes, but is not limited to, statements about
strategic plans, future work programs and objectives and expected
results from such work programs. Forward-looking information is
necessarily based upon a number of estimates and assumptions that,
while considered reasonable, are subject to known and unknown
risks,(more)uncertainties, and other factors which may cause the
actual results and future events to differ materially from those
expressed or implied by such forward-looking information and the
risks identified in the Company's continuous disclosure record.
There can be no assurance that such information will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such information. Accordingly,
readers should not place undue reliance on forward-looking
information. All forward-looking information contained in this news
release is given as of the date hereof and is based upon the
opinions and estimates of management and information available to
management as at the date hereof. The Company disclaims any
intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, except as required by law.
Neither the TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy of this news release.
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