RAIN City Resources Inc. Announces Proposed Private Placement and Debt Settlement
Rain City Resources Inc.
(CSE –RAIN)
Suite 200 – 551 Howe Street
Vancouver, B.C., V6C 2C2
RAIN CITY RESOURCES INC. ANNOUNCES PROPOSED PRIVATE PLACEMENT AND
DEBT SETTLEMENT
May 14, 2020 – Rain City Resources Inc. (CSE:RAIN). (the "Company") is pleased to announce
a private placement financing of up to $100,000 uni ts (the “Units”) of the Company at a price of
$0.05 per unit (the “Offering”). Each unit consist s of one common share of the Company and one
share purchase warrant with each warrant exercisable at a price of $0.065 per share for a period of
one year form the date of issuance. The proceeds of the Offering will be used for working capital
purposes.
The Company also announces that it has agreed settl e outstanding indebtedness of $60,450 in
common shares at a price of $0.05 per share (the “S ettlements”).
The Settlement and the Offering are subject to CSE approval. The securities issued under the
Settlement and Offering will be subject to a statut ory hold period expiring four months and one
day from the date of issuance.
On Behalf of the Board
Richard Penn, CEO
Rain City Resources Inc.
FOR FURTHER INFORMATION PLEASE CONTACT: Richard Pen n – director at 1-778-384
8923
Forward-looking Information Cautionary Statement
Except for statements of historic fact, this news r elease contains certain “forward-looking informatio n”
within the meaning of applicable securities law. Fo rward-looking information is frequently characterized
by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar
words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements
are based on the opinions and estimates at the date the statements are made, and are subject to a variety
of risks and uncertainties and other factors that c ould cause actual events or results to differ mater ially
from those anticipated in the forward-looking state ments including, but not limited to delays or
uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent i n
forward-looking information, including factors beyo nd the Company’s control. There are no assurances
that the business plans for the Company as described in this news release will come into effect on the terms
or time frame described herein. The Company underta kes no obligation to update forward-looking
information if circumstances or management’s estimates or opinions should change except as required by
law. The reader is cautioned not to place undue rel iance on forward-looking statements. Additional
information identifying risks and uncertainties tha t could affect financial results is contained in th e
Company’s filings with Canadian securities regulators, which are available at www.sedar.com .
The CSE and Information Service Provider have not reviewed and does not accept responsibility for the
accuracy or adequacy of this release.