Rain City Resources Inc. Completes Initial Public Offering
Rain City Resources Inc. Completes Initial Public Offering
April 25, 2019 – Vancouver, British Columbia. Rain City Resources Inc. (“Rain City”) (CSE: RAIN) is pleased to
announce that , it successfully completed its initial public offering (the “ IPO”) of 4,000,000 common shares (the
“Shares”) of Rain City at a price of $0.10 per Share for total gross proceeds of $400,000 (the “Proceeds”).
Pursuant to the agency agreement dated January 24, 2019, Canaccord Genuity Corp. acted as agent (the “Agent”) for
the IPO. Rain City paid to the Agent a cash commission equal to 8 % of the Proceeds and granted the Agent and its
sub agents non-transferable warrants entitling the Agent and its sub agents to purchase a total of 320,000 Common
Shares at a price of $0.10 per Common Share until April 24, 2021. In connection with the IPO, the Agent also received
a corporate finance fee.
Rain City’s common shares were listed on the Canadian Securities Exchange (“ CSE”) effective April 24, 2019 with
its common shares anticipated to commence trading on the CSE on April 26, 2019 under the symbol “RAIN”.
About Rain City
Rain City Resources Inc. is a Vancouver based mineral exploration company focused on base, rare earth elements,
precious metals and gems exploration in Canada. The company is currently exploring its Northern Champion Property
located in the Similkameen Mining Division of British Columbia.
The Proceeds will be used by Rain City to fund its exploration program on the Northern Champion Property and for
general working capital purposes.
Forward Looking Information
Information set forth in this press release contains forward -looking statements relating to the use of proceeds, are
made as of April 25, 2019 and are based on assumptions as of that date. These statements reflect management’s current
estimates, beliefs, intentions and expectations; they are not guarantees of future performance. Rain City cautions that
all forward looking statements are inherently u ncertain and that actual performance may be affected by a number of
material factors, many of which are beyond Rain City’s control. Such factors include, among other things: risks and
uncertainties relating to exploration and development; the ability of Ra in City to obtain additional financing; Rain
City’s limited operating history; the need to comply with environmental and governmental regulations; potential
defects in title to Rain City ’s Property, fluctuations in currency exchange rates; fluctuations in the prices of
commodities; operating hazards and risks; competition and other risks and uncertainties, including those described in
Rain City’s prospectus dated January 24, 2019 filed with the Canadian Securities Administrators and available on
www.sedar.com. Accordingly, actual and future events, conditions and results may differ materially form the
estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as
required under applicable securities legislation, Rain City undertakes no obligation to publicly update or revise
forward-looking information.
On behalf of the Board of Directors
Richard Penn
CEO
(778) 384-8923