Rainy Mountain Announces TSX Venture Exchange Approves Rights Offering Warrants for Listing
West Vancouver, British Columbia – March 14, 2017 – Rainy Mountain Royalty Corp. (the “Company” or “RMO”) is pleased to announce that, further to its news releases of February 27, 2017 and March 2, 2017 with respect to the completion of its rights offering (the “Rights Offering”), the TSX Venture Exchange (the “Exchange”) has approved the listing of 6,773,528 common share purchase warrants (the “Warrants”) of the Company. Under the Rights Offering, 13,547,056 units of the Company (the “Units”) were issued to subscribers, with each Unit being comprised of one common share of the Company and one-half of one Warrant.
The Warrants will be listed on the Exchange under the symbol “RMO.WT” and will commence trading effective at the opening of the market on Thursday, March 16, 2017. Each Warrant entitles the holder to purchase one common share of the Company for a period of 24 months from March 1, 2017 (being the closing date of the rights offering) at a price of $0.15 for a period of 12 months from March 1, 2017 and at a price of $0.25 thereafter.
For further information, contact Mr. Clive Shallow, Shareholder Communications, at 604-922-2030, or visit the Company’s website at www.rmroyalty.com.
RAINY MOUNTAIN ROYALTY CORP.
“Douglas L. Mason”
Douglas L. Mason, Chief Executive Officer
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
This news release includes certain statements that may be deemed “forward-looking statements” within the meaning of applicable securities legislation. All statements, other than statements of historical facts, that address such matters as future exploration, drilling, exploration activities, potential mineralization and resources and events or developments that the Company expects, are forward looking statements and, as such, are subject to risks, uncertainties and other factors of which are beyond the reasonable control of the Company. Such statements are not guarantees of future performance and actual results or developments may differ materially from those expressed in, or implied by, this forward-looking information. Factors that could cause actual results to differ materially from those in forward-looking statements include such matters as market prices, exploitation and exploration results, continued availability of capital and financing, and general economic, market or business conditions. Any forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such Act.