Business
Rainbow Resources Closes Initial $105,000 of Private Placement
(via Thenewswire.ca) TORONTO, ONTARIO , October 3, 2013 -- Rainbow Resources Inc. (TSX VE...
About this update from Canadian Critical Minerals Inc
[{"type":"text","content":"Rainbow Resources Closes Initial $105,000 of Private Placement(via Thenewswire.ca)\n \n \nTORONTO, 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.\n\n\n \nThe 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.\n\n\n \nThe 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.\n\n\n \nFor further information: President David W. Johnston - (403) 701-2781. \n\n\n \nVisit our website at www.RainbowResourcesRBW.com\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 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.\n\n\n \nRainbow currently has 48,320,052 common shares issued and outstanding.\n\n\n \nCaution Regarding Forward-Looking Information \n\n\n \nThis 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 rea...