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Rainbow Resources Completes Acquisition of Graphite Claims adjacent to Eagle Graphite property
(via Thenewswire.ca) TORONTO, ONTARIO , August 6, 2013 -- Rainbow Resources Inc. (TSX V...
About this update from Canadian Critical Minerals Inc
[{"type":"text","content":"Rainbow Resources Completes Acquisition of Graphite Claims adjacent to Eagle Graphite property(via Thenewswire.ca)\n\n \nTORONTO, 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.).\n\n\n \nRainbow 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.\n\n\n \nThese 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.\n\n\n \nThe transaction is subject to final approval of the TSX Venture Exchange.\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. Rainbow currently has 45,720,052 common shares issued and outstanding.\n\n\n \n\n\n\n\nClick image to see full size.\n\n\n\n\n\n \n \nFigure 1...