Rain City Resources Inc. announced that it has received CAD 0.7525 million in funding from 1185313 B.C. Ltd. and other investors
On May 6, 2021, Rain City Resources Inc. (CNSX:RAIN) closed the transaction. The company issued 15,050,000 units for gross proceeds of CAD 752,500. The transaction included participation from new investors Emma Fairhurst, director of 1300214 B.C. Ltd. for 10,000,000 units for gross proceeds of CAD 500,000, 1185313 B.C. Ltd. controlled by Emma Fairhurst for 2,700,000 units for gross proceeds of CAD 135,000 and other investors. All securities issued in the transaction are subject to the standard four month and one day hold period. No finders fees were paid in the transaction.