VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 29, 2013) - Rainmaker Mining Corp. ("Rainmaker") (TSX VENTURE:RMG) is pleased to announce that it has closed its non-brokered private placement announced on October 31, 2013 through the issuance of 6,500,000 units for gross proceeds of $325,000. Each issued unit consists of one common share of the Company and one half transferable share purchase warrant with one full warrant being exercisable to purchase one additional common share of Rainmaker at a price of $0.12 for period of 18 months following the closing of the private placement.
In addition, the Company paid cash commissions of $24,840 to eligible finders.
The securities issued consisting of shares and warrants and any shares acquired by the holders on the exercise of the warrants are subject to a four-month hold expiring on March 29, 2014.
The funds raised will be applied to the working capital of the Company.
This News Release has been prepared on behalf of the Directors of Rainmaker Mining Corp. who accept responsibility for its contents.
On Behalf of the Board of Directors, Rainmaker Mining Corp.
Bev Funston, Director
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.
Contact Information:
Bev Funston
Director
(604) 921-1810
(604) 921-1898 (FAX)