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: email@example.com 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. McCall