Thursday, November 15, 2012

Public Offering Changed

Rainy River Resources has revised the size of a public offering intended to raise capital for its gold project in the Rainy River district.

It had announced late Tuesday a deal with a syndicate of underwriters that would generate over $75-million dollars for development and exploration activities at its project north of Barwick.

A reducing in the share price will now lower that figure to just over $57.5 million.