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Enter Symbol
or Name
USA
CA



Rainmaker Resources Ltd
Symbol RMG
Shares Issued 25,838,866
Close 2015-01-30 C$ 0.015
Market Cap C$ 387,583
Recent Sedar+ Documents

ORIGINAL: Rainmaker Resources amends Jayjay option deal

2015-02-02 10:46 ET - News Release

Received by email:

File: Feb 2.docx

/
706- 7th Ave. SW, Suite 600 Calgary, AB T2P 0Z1
Telephone: (403) 540-5757 Facsimile: (403)265-6815

NEWS RELEASE 

TSX-V:RMG        February 2, 2015


Rainmaker Resources Ltd. Updates Shareholders

February 2, 2015 Calgary, Alberta - Rainmaker Resources Ltd. (TSX-V: RMG) ("Rainmaker") is pleased to announce that it
---> has revised the terms of the Option Agreement with JCMP Management Corp regarding the Jayjay Lake frac sand property 
--->in North Central Saskatchewan. The revision will allow Rainmaker more time to complete its planned exploration program
--->s on the property. The amendment to the Jayjay option agreement extends the deadline for Rainmaker to complete $75,000
---> of exploration work on the property to July 14, 2015.
Planned exploration work at the Jayjay property is expected to consist of laboratory testing of the sands to determine
---> how much upgrading can be achieved, primarily by flotation. A drilling program is planned to follow that work, which 
--->will involve detailed testing of the aerial extent of the sand deposits, as well as their thickness. Timing of these p
--->rograms is contingent on successfully arranging for financing.
Also, Rainmaker reports that it has allowed the option on the Bray Property in Arkansas to lapse. Due to current marke
--->t conditions and commodity pricing, the company and owners both agree, and have a willingness, to renegotiate the term
--->s of the purchase.
Rick Patmore, President & CEO states "We still believe that the Frac sand industry is vast and will ultimately take an
---> insignificant hit in pricing in the long run, but we intend to take this opportunity to re-negotiate a deal on our cu
--->rrent projects that works better for all in today's environment."

Rainmaker will continues to search for other opportunities that will create shareholder value while we continue to exp
--->lore our opportunities with our existing targets.

About Rainmaker:
 
Rainmaker is focused on the development, acquisition, and exploration of Western Canadian proppant projects with the g
--->oal of being amongst the lowest cost producers. Proppant or Frac Sands are used in unconventional oil and gas producti
--->on from tight shale formations. This special sand is used to provide a pathway for hydrocarbons to flow by propping op
--->en fractures. Wells are being drilled deeper and more hydraulic fractures placed, therefore, the demand for Frac Sand 
--->will continue increasing. 


On behalf of the Board of Directors
"Rick Patmore"  
Rick Patmore, President and CEO Rainmaker Resources Ltd.
For additional information, please contact the Company at: 403-540-5757news@rainmakerresources.ca or visit the company
---> website at: www.rainmakerresources.ca. 
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approve
--->d nor disapproved the contents of this press release."
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the conte
--->nt of this News Release. WARNING: The Company relies on litigation protection for `forward looking" statements. Actual
---> results could differ materially from those described in the news release as a result of numerous factors, some of whi
--->ch are outside the control of the Company. This news release does not constitute an offer to sell or a solicitation of
---> an offer to sell 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 an
--->d may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities A
--->ct and applicable state securities laws or an exemption from such registration is available.




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