Rainy River Resources Ltd.
TSX VENTURE : RR

Rainy River Resources Ltd.

August 24, 2005 16:45 ET

Rainy River Amends Warrant Term

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 24, 2005) - Nelson W. Baker, President of RAINY RIVER RESOURCES LTD. (TSX VENTURE:RR), announces that the Company has amended the term of the Warrants it will issue in connection with the Company's private placement (see news release dated July 19, 2005). The Company previously announced that the warrants will entitle the holder to purchase one common share at a price of $0.90 for 12 months from closing. This term has been amended to 18 months from closing.

The private placement is subject to acceptance by the TSX Venture Exchange.

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.

ON BEHALF OF THE BOARD OF DIRECTORS OF RAINY RIVER RESOURCES LTD.

Nelson W. Baker, President

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
    President
    (604) 731-6900
    (604) 731-6999 (FAX)