Rainy Mountain Engages Business Advisory Consultants
West Vancouver, British Columbia, October 20, 2016 – Rainy Mountain Royalty Corp. (the “Company” or “Rainy Mountain”) is pleased to announce that it has engaged business advisory consultants to assist Rainy Mountain in its efforts to locate joint venture partners for some of the Company’s properties, detect potential property acquisitions, and to identify additional financing opportunities for furthering exploration on Rainy Mountain’s optioned Brunswick Property in Ontario, and for general working capital purposes.
The engagement is for a three month term, and the companies are in negotiations to extend for a further three month engagement. The fee for services for the initial three month engagement is an aggregate total of $50,000.
The business advisory consultants offer business advisory and capital markets services and engages in the provision of identification, acquisition and exploration of natural resources with potential resource prospects.
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
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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.