Rainbow Resources announces that, subject to TSX-V approval, it is conducting a non-brokered private placement of up to 16,666,667 Units at $0.03 per Unit for gross proceeds of up to $500,000. Each Unit consists of one (1) common share and one (1) non transferable common share purchase warrant, with each warrant exercisable into one (1) common share of the Company at an exercise price of $0.10, exercisable for a period of
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