Rainy River Resources Ltd.
TSX VENTURE : RR

Rainy River Resources Ltd.

August 08, 2005 15:08 ET

Rainy River Amends Terms of Stock Options

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 8, 2005) - Marshall Bertram, Chief Financial Officer of RAINY RIVER RESOURCES LTD. (TSX VENTURE:RR), announces that there was an error in the Company's previous news release which announced that the Company granted a total of 860,000 incentive stock options to Directors and employees. The news release incorrectly stated that that the exercise price of the options was $0.50 per share. The correct exercise price is $0.62 per share, which was the market value of the shares on the date of grant. All other terms of the options remain the same.

Rainy River Resources Ltd. is a Canadian mineral exploration company that has recently acquired a 100% interest from Nuinsco Resources Ltd. (TSX:NWI) in the Rainy River gold and base metal property located in northwestern Ontario. The Rainy River Project hosts two "blind" gold-rich volcanogenic massive sulphide occurrences (the #17 Gold Zone and the 433 Zone) and one "blind" small but high grade Ni-Cu-PGE deposit.

RAINY RIVER RESOURCES LTD.

Marshall Bertram, Chief Financial Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Rainy River Resources Ltd.
    Mr. Nelson Baker, P.Eng.
    President
    (604) 731-6900
    (604) 731-6999 (FAX)