News Release No. 14-08
Rainy Mountain Announces Non-Brokered Private Placement
West Vancouver, British Columbia – October 31, 2014 – Rainy Mountain Royalty Corp. (the “Company” or “Rainy Mountain”) announces that, subject to regulatory approval, the Company intends to proceed with a non-brokered private placement to raise up to $97,500 by the issuance of 1,500,000 non-flow through units (the “Units”) at $0.065 per Unit. Each Unit will consist of one common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional common share for a period of two years at an exercise price of $0.10. With respect to this private placement, the Company may pay finders’ fees in the amount of 10% (payable in cash or Units), based on the sale of the Units purchased by subscribers introduced to the Company by such finders.
The Company intends to use the proceeds from this private placement for exploration property expenditures for general working capital purposes.
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, President & CEO
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.