SOURCE: Rainmaker Entertainment Inc.

Rainmaker Entertainment Inc.

November 19, 2015 21:26 ET

Rainmaker Entertainment Announces Extension of Share Loan Arrangement

VANCOUVER, BC--(Marketwired - November 19, 2015) - Rainmaker Entertainment Inc. (TSX VENTURE: RNK) ("Rainmaker" or the "Company") announces board and TSX Venture Exchange approval to extend the current maturity the date of $390,000 Limited Recourse Shareholder Loans (" Loans") granted to certain members of senior management.

Previously approved by the shareholders of the Company on May 14th, 2013, the outstanding Loans carried an initial maturity date of November 1, 2015. In light of the current trading halt of the Company's shares, the Board of Directors has determined that it is in the best interests of the Company to extend the maturity of the Loans to January 29th, 2016. All other terms and conditions as set forth in the initial shareholder approval and further detailed in the June 30th, 2015 interim financial statements of the Company remain unchanged.

About Rainmaker Entertainment

Based in Vancouver, British Columbia, Rainmaker Entertainment Inc. is a multifaceted animation studio and one of Canada's largest producers of CG animation. Rainmaker's first feature film, Escape From Planet Earth (distributed by The Weinstein Company), opened on 3,200 screens across North America. Originally established as Mainframe Entertainment, the Company produced the first ever CGI animation series, ReBoot, and over the course of its 15+ years of innovative history, Rainmaker has continued to break new ground in animation, telling engaging stories and creating compelling characters for all media. In addition to projects Rainmaker has produced with partners and clients including Mattel, The Weinstein Company, Hasbro, Lionsgate and Sony, Rainmaker also develops proprietary projects. Since announcing its return to television development and production in 2013 under the Mainframe Entertainment banner, two animated series are currently in the pipeline: in Fall 2013, the Company announced its plans to develop a new version of its iconic CG-animated ReBoot series; and in April 2014, the Company began production for HIT Entertainment of 104 10-minute episodes of the new CG-animated Bob the Builder series. For more information, visit www.rainmaker.com.

Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

Contact Information

  • For more information please contact:
    For Investor Relations:
    Bryant Pike
    CFO
    Rainmaker Entertainment Inc.
    investor@rainmaker.com
    604.714.2600