VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 27, 2014) - Rainmaker Mining Corp. (TSX VENTURE:RMG) ("Rainmaker") is pleased to announce that it is proposing to make a non-brokered private placement of up to 7 million units at a price of $0.15 per unit, for gross proceeds of $1,050,000. Each unit will consist of one common share and one half share purchase warrant with one full warrant being exercisable to purchase one additional common share of Rainmaker at a price of $0.20 for period of 24 months following the closing of the private placement.
A finder's fee may be payable with respect to the placement. The placement is subject to TSX Venture Exchange approval.
The proceeds of the financing will be spent on working capital of the Company.
This News Release has been prepared on behalf of the Directors of Rainmaker Mining Corp. who accepts responsibility for its contents.
On Behalf of the Board of Directors, Rainmaker Mining Corp.
R.D. (Rick) Patmore, President and 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Rainmaker Mining Corp.Chris M. Healey, P.Geo
+1 (604) 921-1810
Source: Rainmaker Mining Corp.