Business
Rainbow Resources Announces Non-brokered Financing
(via Thenewswire.ca) Mr. David W. Johnston reports: TORONTO, ONTARIO, July 10, 2013: ...
About this update from Canadian Critical Minerals Inc
[{"type":"text","content":"Rainbow Resources Announces Non-brokered Financing(via Thenewswire.ca)\n\n \nMr. David W. Johnston reports:\n\n\n \nTORONTO, ONTARIO, July 10, 2013: Rainbow Resources Inc. (\"RBW\" - TSX.V:, \"RIINF\" - OTCQX: ) (\"Rainbow\" or the \"Company\") announces that it intends to complete a non-brokered financing to raise approximately $500,000. \n\n\n \nThe financing will be comprised of units at $0.05 and flow through units at $0.05. Units will include one warrant which will entitle the holder to acquire one additional common share at $0.10 for a period of 18 months. Flow through units will include one half of a warrant in which a full warrant will entitle the holder to acquire one additional common share at $0.10 for a period of 18 months. In connection with this financing, Rainbow will be paying to registered agents a commission of 8% cash and 8% broker warrants.\n\n\n \nThe proceeds of this financing will be used to continue exploration on the Company's gold and silver properties in the Slocan Valley (the Gold Viking, Referendum and Whitewater), in Nevada (the Jewel Ridge) and further prospecting and geochem analysis on the prospective graphite property adjacent to Eagle Graphite Corp's processing facility also in the Slocan Valley area of south-eastern British Colombia and for general working capital purposes. \n\n\n \nRainbow also announces that it is current with its option payments on the Jewel Ridge gold property in Nevada and planning is now underway to carry out a fall drilling program. \n\n\n \nQualified Person \n\n\n \nRainbow's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Jim Decker, P.Eng., a director of Rainbow who serves as a qualified person under the definition of National Instrument 43-101.\n\n\n \nFor further information: President David W. Johnston - (403) 701-2781.\n\n\n \nLatest News: http://stocknetworkmedia.com/rainbow-resources-inc/\n\n\n \nAbout Rainbow Resources\n\n\n \nRainbow is a Canadian-based junior exploration company focused on building shareholder wealth through aggressive exploration in two favorable 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 ...