Rainy River Resources plans to raise $65-million dollars in a bought deal offering to help advance its gold exploration project north of Barwick.
The company will issue more than 5-million shares at a reduced rate of $12.65 C. each.
Shares of Rainy River have more than doubled in value since it increased its capital budget for the year by 33 percent in August to extend drilling activities at the high mineral grade project.
