Rainmaker Resources Ltd. Provides Shareholders With Update
27 Maio 2014 - 10:30AM
Marketwired
Rainmaker Resources Ltd. Provides Shareholders With Update
CALGARY, ALBERTA--(Marketwired - May 27, 2014) - Rainmaker
Resources Ltd. ("Rainmaker" or the "Company") (TSX-VENTURE:RMG) is
pleased to announce that it has posted its first update to the
shareholders on the company website at www.rainmakerresources.ca
under the news section.
The update from Rick Patmore, President and CEO reports to
shareholders that "the warmer temperatures experienced in mid
spring will allow for Rainmaker to begin its exploration on its
Canadian properties. The stable of prospective frac sand assets
located in the provinces of Saskatchewan and Alberta will be
tested, drilled, and developed based on the quality of the
deliverable frac sand that will ultimately be contained within the
prospects.
"Rainmaker has also been conducting due diligence on additional
potential assets located in the USA. By securing prospects in the
USA Rainmaker will hopefully be able to diversify its activities
not only in assets, but also with prospects of securing a different
client base for frac sand consumption."
Mr Patmore reports to shareholders, "We are mindful that the
markets take a breather at this time of the year. Fortunately our
company is well funded and is in a great position to advance the
value of its assets during the slower market months. With a new
management team in place and more industry added knowledge on the
Board of Directors, our focus has never been so clear."
The frac sand industry provides an opportunity that has not been
seen in other resource sectors. We have the ability to drill,
explore, and test, to put together a potential multi-million
resource for a fraction of the costs you would expect to see in
other minerals and metals. Our initial output is very low in
comparison to the mining opportunities that are in the market. This
allows us to conserve capital while quickly adding value. As
previously mentioned, Rainmaker can go from sampling, to testing,
which could create a pre-feasibility report for the BOD to consider
within a few short months.
Our management team has been carefully selected with sole
objective of getting a project through to development and into
production in a profitable manner to the benefit of our bottom
line. Their mandate is to create exceptional value for Rainmaker's
stakeholders.
The first part of this year has seen strong incremental growth
in frac drilling in North America and around the world. New shale
plays are becoming more prevalent and much more active as the USA
continues its drive toward Energy Independence
Rainmaker has recently undertaken a rebranding to reflect the
robust business sector that we have entered to better serve our
clients in the oil and gas industries. We are very excited about
the assets within our existing portfolio and those which lie within
the cross hairs for potential acquisition".
On behalf of the Board of Directors
Rick Patmore, President and CEO
Rainmaker Resources Ltd.
For additional information, please contact Corporate
Communications, Judy A. McCall at: 604.638.8030/
news@rainmakerresources.ca or visit the company website at:
www.rainmakerresources.ca. The company's profile may also be viewed
on www.sedar.com.
The TSX Venture Exchange Inc. has in no way passed upon the
merits of the proposed transaction and has neither approved 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 content
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 which 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
and may not be offered or sold within the United States or to U.S.
Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.
Rainmaker Resources Ltd.Judy A. McCallCorporate
Communications604.638.8030news@rainmakerresources.cawww.rainmakerresources.ca
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