Rainbow Resources Closes Initial $105,000 of Private Placement
2013年10月3日 - 11:44PM
Access Wire
TORONTO, ONTARIO, October 3, 2013 --
Rainbow Resources Inc. (TSX VENTURE: RBW) (OTCQX: RIINF) ("Rainbow"
or the "Company") announces that it has closed a first tranche of
$105,000 of its planned financing of $500,000.
The financing was
comprised of $80,000 of units at $0.05 where each unit includes one
common share and one warrant where each full warrant entitles the
holder to acquire one additional common share at $0.10 for a period
of 18 months. The balance of the financing, $25,000 was comprised
of flow through units at $0.05 where each
unit includes one flow through common share and one warrant where
each full warrant entitles the holder to acquire one additional
common share at $0.10 for a period of 18 months.
The proceeds of this financing are
being used to advance the company's exploration projects in British
Colombia and in Nevada and also for general and administrative
expenses. Rainbow anticipates closing the balance of this financing
by the end of October.
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 48,320,052 common shares issued and
outstanding.
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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