Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Rainmaker Resources plans to raise up to $750,000

Thursday, March 9, 2017 4:17
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Mining firm Rainmaker Resources Ltd (CVE:RIR) announced plans to raise up to $750,000 via a placing.

The firm will issue 15mln shares at $0.05 a share.

Rainmaker controls the option to acquire the Sarcobatus Flats lithium project in Nevada, which is near the only producing lithium mine in the United States, while it also currently owns a 12.5% joint venture interest in Dufferin Lake – a uranium asset in the Athabasca Basin of Saskatchewan.

Earlier this month, the company said it had hired Daniel Vinegar as its new chief financial officer, greeted with full-year accounts showing a shrinking loss, as well as reported that its Sarcobatus Flat high-grade lithium project in Nevada is advancing toward a preliminary economic assessment (PEA).

New CFO Vinegar brings a unique background, including as a controller for a high-growth tech firm, which seeded and incubated a portfolio of start-ups.

He also worked as a financial adviser for Manulife, in addition to a position as a senior financial analyst for a multimillion-dollar import-export group in Toronto. Predecessor Matthew Wright has resigned.

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/174542/rainmaker-resources-plans-to-raise-up-to-750000-174542.html

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.