Rainy Mountain Royalty Corp V.RMO

Alternate Symbol(s): RMNXF

Metals & Mining Industrial Metals & Minerals

Rainy Mountain Royalty Corp. is a Canada-based mineral exploration project generator. The Company is engaged in the acquisition and exploration of mineral resource properties. The Company’s focus is to acquire early-stage exploration opportunities and deliver them drill target ready to joint venture partners. The Company holds multiple property interests in Ontario and is primarily focused on shear hosted gold and base metals properties with associated gold and silver credits. The Company’s projects are Marshall Lake property, and Brunswick Property. Its other properties consist of the Clay/Powell and Norton Lake Properties. The Marshall Lake property is in the Thunder Bay Mining Division, Ontario. Its Brunswick Property consist of 13-claim units located in Brunswick Twp., Ontario. It owns a 100% interest in claims located in the Thunder Bay Mining Division, Ontario. The Company holds a 30.21% interest in the Norton Lake Property.

TSXV:RMO - Post by User

Rainy Mountain Royalty Corp

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Post by sammenardon Mar 12, 2010 7:55pm

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Post# 16878675

News - RMO grants options

RAINY MOUNTAIN ANNOUNCES SHARES FOR DEBT AND GRANTS STOCK OPTIONS

Rainy Mountain Royalty Corp. is granting options to buy 2,975,000 shares to certain directors, officers, employees and consultants at an exercise price of 10.5 cents per share for a term of five years, in accordance with the terms of the company's stock option plan and as part of the company's recent reorganization and management changes. Also, subject to regulatory approval, the company has agreed to issue 754,524 shares (at a deemed price of 10.5 cents per share) to Robert Middleton, PEng, in settlement of previously rendered accounts for services rendered to the company.

Is it a coincidence that the stock drops and the company issues options? How about todays close? How can we go??

Sam

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