West Vancouver, British Columbia--(Newsfile Corp. - July 24, 2017) - Rainy Mountain Royalty Corp. (TSXV: RMO) (FSE: EK7N) (the "Company" or "Rainy Mountain") announces that, subject to regulatory approval, the Company intends to proceed with a flow through non-brokered private placement to raise up to $250,000 by the issuance of 2,500,000 flow through common shares (the "FT Shares") at $0.10 per FT Share.
With respect to this private placement, the Company may pay finders' fees in the amount of 10% (payable in cash or non-flow through shares), based on the sale of the FT Shares purchased by subscribers introduced to the Company by such finders.
The Company intends to use the proceeds from this private placement for furthering exploration on its Brunswick gold exploration property.
