News Release
News Release No. 13-15
Rainy Mountain Closes Private Placement
West Vancouver, British Columbia – November 6, 2013 – Rainy Mountain Royalty Corp. (the “Company” or “Rainy Mountain”) is pleased to announce that, further to its news release dated October 18, 2013, the Company has closed its non-brokered private placement (the “Private Placement”). The Company has raised $100,000 by the issuance of 2,000,000 non-flow through units (the “Units”) at a price of $0.05 per Unit. Each Unit consists 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 five years at an exercise price of $0.05. All of the securities issued pursuant to this Private Placement are subject to a hold period expiring on March 6, 2014.
All the Units issued under this Private Placement were subscribed for by Criterion Capital Corporation, a private investment company owned by Douglas L. Mason, the Chief Executive Officer of the Company.
The proceeds from this Private Placement will be used for exploration property expenditures and 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”
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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.
