Rain City Announces Share Consolidation
RAIN CITY RESOURCES INC.
#3043 – 595 Burrard Street, Vancouver, BC V7X 1J1
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RAIN CITY ANNOUNCES SHARE CONSOLIDATION
May 6, 2022 CSE Trading Symbol: RAIN
Vancouver, BC - Rain City Resources Inc. (the “Company”) announces that the board of
directors of the Company have approved a share consolidation of all of its issued and outstanding
securities on a three (3) for one (1) basis pursuant to the policies of the Canadian Securities
Exchange. Currently, the Company’s authorized share capital is an unlimited number of common
shares without par value, of which 47,795,601 shares are issued and outstanding with a further
15,126,860 shares reserved for issuance upon the exercise of outstanding warrants. Following
consolidation and subject to rounding, the Company will have issued and outstanding 15,931,867
common shares, subject to shares being issued pursuant to outstanding warrants being exercised
prior to the effective date of the consolidation. The board of directors believe that the share
consolidation will provide the Company with increased flexibili ty to seek financing opportunities
and strategic acquisitions.
The Company does not intend to undergo a name change in conjunction with the proposed
consolidation.
FOR FURTHER INFORMATION CONTACT:
Justin Corinella
President
Rain City Resources Inc.
Telephone: 778-819-3792
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is
defined in the policies of the Canadian Securities Exchange ) accepts responsibility for the
adequacy of accuracy of this news release.