Rainy River Resources Obtains Approval to List on the Toronto Stock Exchange Main Board (TSX) Commencing September 28, 2011
September 27 2011 - 10:00AM
Marketwired
Rainy River Resources Ltd. ("Rainy River" or the "Company")(TSX
VENTURE: RR) is pleased to announce that the Company has completed
all the requirements for graduation to the Toronto Stock Exchange
(TSX) main board, and has received final approval from the TSX.
Rainy River will commence trading its common shares on the TSX
main board at market open on Wednesday, September 28, 2011,
continuing under the symbol "RR".
The Company's shares will be delisted and cease trading on the
TSX Venture Exchange upon commencement of trading on the TSX.
Raymond Threlkeld, President and CEO commented, "We are proud of
Rainy River's graduation to the main Toronto Stock Exchange as it
represents a natural part of our progression toward becoming a
leading Canadian intermediate gold producer. We look forward to the
continued support of our shareholders as we grow."
About Rainy River
Rainy River is a Canadian precious metals exploration company
whose key asset is the Rainy River Gold Project. With approximately
$115million in cash and securities, the Company is well funded to
conduct a dual-focused drilling program consisting of: 1)
definition diamond drilling of the main gold resources in
preparation for scoping and prefeasibility studies, and 2)
selective diamond drill testing of high-priority gold targets
defined primarily by RC drilling within the large gold system
centred in Richardson Township. The Company's property is extremely
well located in the southwestern corner of Northern Ontario near
the U.S. border. It is accessed by a network of roads and is close
to hydro-electric infrastructure. The Rainy River district has a
skilled labour force and is one of the lowest-cost areas for
mineral exploration and development in Canada. The Company is also
working to advance the early-stage discoveries at its TPK Joint
Venture Property, also in Ontario, where it can earn a 51% interest
in the property from Northern Superior Resources. Ontario has low
political risk and, according to the annual Fraser Institute global
survey of the mining industry, has consistently ranked as one of
the top jurisdictions embracing mineral development.
RAINY RIVER RESOURCES LTD.
Raymond Threlkeld, President & CEO
This release includes certain statements that may be deemed to
be "forward-looking statements". All statements in this release,
other than statements of historical facts, that address events or
developments that management of the Company expects, are
forward-looking statements. Although management believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance, and actual results or developments may differ
materially from those in the forward-looking statements. The
Company undertakes no obligation to update these forward-looking
statements if management's beliefs, estimates or opinions, or other
factors, should change. Factors that could cause actual results to
differ materially from those in forward-looking statements, include
market prices, exploration and development successes, continued
availability of capital and financing, and general economic, market
or business conditions. Please see the public filings of the
Company at www.sedar.com for further information.
Neither 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.
Contacts: Rainy River Resources Ltd. Indi Gopinathan Director of
Investor Relations 416-645-7289 igopinathan@rainyriverresources.com
www.rainyriverresources.com
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