Toronto, Ontario--(Newsfile Corp. - November 26, 2014) - Rainbow Resources Inc. (TSXV: RBW) ("Rainbow"
or, the "Company") is pleased to advise that it has completed
its previously announced name change and consolidation.
The Company's name has been changed from "Rainbow Resources
Inc." to "Braveheart Resources Inc." (the "Name Change"). The articles of the
Company were also amended to consolidate the issued and outstanding common
shares of the Company (the "Common Shares") on the basis of one (1)
post-consolidation Common Share for every ten (10) pre-consolidation Common
Shares (the "Consolidation"), resulting in approximately 5,004,705 Common Shares
in the capital of the Corporation issued and outstanding. The Name Change and
Consolidation were approved by the shareholders of the Company at an annual and
special meeting of shareholders held on November 12, 2014.
The Common Shares will commence trading on the TSX Venture
Exchange on a consolidated basis and under its new name at the opening of
trading on Thursday, November 27, 2014 under the new symbol "BHT".
Letters of transmittal are being mailed to shareholders of the
Corporation to be utilized to exchange their Common Shares for new Common Shares
on a post-Name Change and post-Consolidation basis.
About Braveheart Resources:
Braveheart is a Canadian based junior exploration company focused on building
shareholder value through aggressive exploration in a favorable and proven
mining jurisdiction - the West Kootenays in southeast British Columbia (silver
and gold).
Contact:
Braveheart Resources Inc.
David W. Johnston
President
(403) 701-2781
davidwjohnston@shaw.ca
Website:
www.braveheartresourcesinc.com (currently under construction)
Caution
Regarding Forward-Looking Information
This news release includes certain information that may
constitute "forward-looking information" under applicable Canadian securities
legislation. Forward-looking information is necessarily based upon a number of
estimates and assumptions that, while considered reasonable, are subject to
known and unknown risks, (more) uncertainties, and other factors which may cause
the actual results and future events to differ materially from those expressed
or implied by such forward-looking information and the risks identified in
the Company's continuous disclosure record. There can be no assurance that such
information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such information. Accordingly,
readers should not place undue reliance on forward-looking information. All
forward-looking information contained in this news release is given as of the
date hereof and is based upon the opinions and estimates of management and
information available to management as at the date hereof. The Company disclaims
any intention or obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise, except as
required by law.
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 of this news release.
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