Rainchief Energy Inc.
OTC Bulletin Board : RCFEF

June 22, 2009 13:17 ET

Rainchief Completes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 22, 2009) - Rainchief Energy Inc. ("Rainchief" or the "Company") (OTCBB:RCFEF) is please to announce that it has completed a previously announced private placement for a total of 3,050,000 units for total gross proceeds of US$152,500. Each unit consists of one (1) common share without par value in the capital stock of the Company and one (1) share purchase warrant exercisable into one (1) common share at a price of $0.10 per share for a period of one year.

The funds will be utilized for the continued evaluation of specific oil and gas assets that have been identified for possible acquisition and general working capital.

Further information will be provided as it materializes.

Rainchief is a company listed and trading on the OTC.BB, symbol: RCFEF

ON BEHALF OF THE BOARD OF DIRECTORS

Brad Moynes, President and CEO

Contact Information

  • Rainchief Energy Inc.
    Brad J. Moynes
    President & Chief Executive Officer
    (604) 676-1032
    (604) 676-1034 (FAX)
    or
    ProActive Communications Co.
    (604) 541-1995 Or toll free: (800) 540-1995