Rainmaker Mining Corp Announces Financing
February 27 2014 - 12:49PM
Marketwired
Rainmaker Mining Corp Announces Financing
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 27, 2014) -
Rainmaker Mining Corp. (TSX-VENTURE:RMG) ("Rainmaker") is pleased
to announce that it is proposing to make a non-brokered private
placement of up to 7 million units at a price of $0.15 per unit,
for gross proceeds of $1,050,000. Each unit will consist of one
common share and one half share purchase warrant with one full
warrant being exercisable to purchase one additional common share
of Rainmaker at a price of $0.20 for period of 24 months following
the closing of the private placement.
A finder's fee may be payable with respect to the placement. The
placement is subject to TSX Venture Exchange approval.
The proceeds of the financing will be spent on working capital
of the Company.
This News Release has been prepared on behalf of the Directors
of Rainmaker Mining Corp. who accepts responsibility for its
contents.
On Behalf of the Board of Directors, Rainmaker Mining Corp.
R.D. (Rick) Patmore, President and CEO
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 or accuracy of this
release.
Rainmaker Mining Corp.Chris M. Healey, P.Geo+1 (604)
921-1810cmhealey@shaw.ca
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