Rain City Announces Share Consolidation
Rain City Announces Share Consolidation
Vancouver, British Columbia--(Newsfile Corp. - May 6, 2022) - Rain City Resources Inc. (CSE: RAIN) (the "Company") announces that the board of directors of the Company have approved a share consolidation of all of its issued and outstanding securities on a three (3) for one (1) basis pursuant to the policies of the Canadian Securities Exchange. Currently, the Company's authorized share capital is an unlimited number of common shares without par value, of which 47,795,601 shares are issued and outstanding with a further 15,126,860 shares reserved for issuance upon the exercise of outstanding warrants. Following consolidation and subject to rounding, the Company will have issued and outstanding 15,931,867 common shares, subject to shares being issued pursuant to outstanding warrants being exercised prior to the effective date of the consolidation. The board of directors believe that the share consolidation will provide the Company with increased flexibility to seek financing opportunities and strategic acquisitions.
温哥华，不列颠哥伦比亚省-(Newsfile Corp.-2022年5月6日)-Rain City Resources Inc.(CSE：RAIN)(“本公司”)宣布，根据加拿大证券交易所的政策，本公司董事会已批准以三(3)股换一(1)股的方式对其所有已发行及已发行证券进行股份合并。目前，本公司的法定股本为无面值的无限数量普通股，其中47,795,601股已发行并已发行，另外15,126,860股预留供行使已发行认股权证时发行。合并后，本公司将发行及发行15,931,867股普通股，但须受合并生效日期前已行使已发行认股权证的股份所规限。董事会相信，股份合并将为公司提供更大的灵活性，以寻求融资机会和战略收购。
The Company does not intend to undergo a name change in conjunction with the proposed consolidation.
本公司不打算因拟议的合并而更改名称。
FOR FURTHER INFORMATION CONTACT:
如需进一步信息，请联系：
Justin Corinella
President
Rain City Resources Inc.
Telephone: 778-819-3792
info@raincityresources.com
贾斯汀·科里内拉
总统
Rain City Resources Inc.
电话：778-819-3792
邮箱：Info@raincityresource ces.com
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news release.
加拿大证券交易所及其监管服务提供商(该术语在加拿大证券交易所的政策中定义)均不对本新闻稿的准确性承担责任。
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