News Release No. 14-05
Rainy Mountain Announces Proposed Share Consolidation
West Vancouver, British Columbia – September 24, 2014 – Rainy Mountain Royalty Corp. (the “Company” or “Rainy Mountain”) wishes to announce that, subject to required TSX Venture Exchange approval, the Company intends to proceed with a proposed consolidation of its issued common share capital on the basis of 4 old common shares for 1 new common share (the “Proposed Consolidation”).
Management believes that the Proposed Consolidation is in the best interest of the Company and will allow the Company greater possibilities with respect to future financings. Presently, the Company has 48,941,142 common shares issued and outstanding and if the Proposed Consolidation is affected on a four for one basis (which is the maximum consolidation ratio being considered by the Company), there will be 12,235,285 common shares issued and outstanding. In connection with the Proposed Consolidation, the name of the Company will not change and the Company’s trading symbol will remain as “RMO”.
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.