Rainy Mountain Arranges $434,000 Non-Brokered Private Placement
Trading symbol: TSX-V: RMO
Frankfurt: EK7N-FF
News Release No. 20-01
Rainy Mountain Arranges $434,000 Non-Brokered Private Placement
Vancouver, British Columbia – December 14, 2020 – Rainy Mountain Royalty Corp. (the
“Company” or “Rainy Mountain”) is pleased to announce it has arranged a non -brokered private
placement (the “Placement”) of up to 6,200,000 units at a price of $0. 07 per unit (each a “Unit”)
to raise aggregate gross proceeds of up to $434,000.
Each Unit will comprise one common share and one share purchase warrant (each a
“Warrant”). Each Warrant will entitle the holder to acquire an additional common share of the
Company at an exercise price of $0.09 per share for a period of five years.
Finder’s fees may be payable in connecti on with the Placement in accordance with applicable
securities laws and the policies of the TSX Venture Exchange (“TSXV”).
The proceeds of the Placement will be utilized to fund exploration activities on the Company ’s
existing mineral property portfolio and general working capital.
Directors and officers of the Company may acquire securities under the Placement, which
participation would be considered to be a "related party transaction" as defined under
Multilateral Instrument 61-101 ("MI 61- 101"). Such participation is expected to be exempt from
the formal valuation and minority shareholder approval requirements of MI 61-101.
The closing of the Placement is subject to receipt of all necessary regulatory approvals,
including the acceptance of the TSXV.
This press release does not constitute an off er to sell or a solicitation of an offer to buy any of
the securities in the United States. The securities have not been and will not be registered under
the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state
securities laws and may not be offered or sold within the United States or to or for the account
or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless
registered under the U.S. S ecurities Act and applicable state securities laws or an exemption
from such registration is available
For further information, contact Sean Charland at 604-681-1568, or visit the Company’s website
at www.rmroyalty.com.
Rainy Mountain Royalty Corp.
“Sean Charland”
_______________________________________
Sean Charland, Interim Chief Executive Officer
The information in this news release includes certain information and statements about management's view of
future events, expectations, plans and prospects that constitute forward looking statements. These statements
are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and
uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or
performance may differ materially from those anticipated and indicated by these forward looking statements.
Forward-looking statements in this news release include, but are not limited to, the effective date of the
Consolidation. Any number of factors could cause actual results to differ materially from these forward-
looking statements as well as future results. Although the Company believes that the expectations reflected in
forward looking statements are reasonable, it can give no assurances that the expectations of any forward
looking statements will prove to be correct. Except as required by law, the Company disclaims any intention
and assumes no obligation to update or revise any forward looking statements to reflect actual results,
whether as a result of new information, future events, changes in assumptions, changes in factors affecting
such forward looking statements or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.