22:35:18 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



Rain City Resources Inc
Symbol RAIN
Shares Issued 36,031,863
Close 2024-04-22 C$ 0.04
Market Cap C$ 1,441,275
Recent Sedar Documents

Rain City Resources settles $136,175 debt with shares

2024-04-24 09:44 ET - News Release

Mr. Christopher Reynolds reports

RAIN CITY SETTLES OUTSTANDING DEBT

Rain City Resources Inc. has closed its previously announced debt settlements (see press release dated April 12, 2024).

The company settled outstanding indebtedness of $136,175 in exchange for an aggregate of 2,723,500 common shares of the company at a price of five cents per common share. This debt settlement included outstanding indebtedness of $59,625 owing to related parties.

The company has issued the final anniversary payment under its Bro property purchase agreement, issuing 10 million common shares at a price of 10 cents per share to 1459988 B.C. Ltd.

The securities are subject to a four-month-and-one-day hold from the date of issuance. In addition, the debt settlement and property issuances are subject to the approval of the Canadian Securities Exchange.

We seek Safe Harbor.

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