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TORONTO, ONTARIO--(Marketwired - April 27, 2017) - Rainmaker Resources Inc. (TSX VENTURE:RIR), (the "Company" or "Rainmaker") is pleased to announce the closing of its non-brokered private placement (the "Financing" or "Offering"), as previously announced on March 8, 2017, consisting of 5,200,000 common shares of Rainmaker ("Shares") at a price of $0.05 per Share for aggregate gross proceeds of $260,000. No finder's fees were paid in connection with the Offering. Directors Mr. Chris Healey and Mr. Isaac Maresky, as well as the Chief Financial Officer of the Company, Mr. Daniel Vinegar, have participated in the Financing, as further outlined below. The Shares issued in connection with the Offering are subject to a regulatory hold period of four months and a day in accordance with the rules and policies of the TSX Venture Exchange ("TSXV") and applicable Canadian securities laws, and such further restrictions as may apply under foreign securities laws. Completion of the Offering is subject to final approval of the TSXV. |
