(via Thenewswire.ca)
Mr. David W. Johnston reports:
TORONTO, ONTARIO, March 26, 2013: Rainbow Resources Inc. (TSX VENTURE: RBW) (OTCQX: RIINF) ("Rainbow" or the "Company") announces that it will utilize proceeds from its current private placement financing to fund further exploration drilling at its Jewel Ridge Property in Nevada and Gold Viking Property in the West Kootenay district of southeast British Columbia.
The Company achieved considerable success from modest drilling programs carried out at both properties in 2012 with impressive gold and silver assays as reported in earlier news releases. Rainbow is currently finalizing plans for its 2013 exploration program which will include diamond drilling at the Gold Viking property and reverse circulation drilling at the Jewel Ridge property. The Nevada drilling program will also include work on the recently acquired Croesus Mine claims.
Rainbow also announces that it will be participating in the 2013 Cambridge House Energy & Resource Investment Conference in Calgary on April 5 & 6.
For further information: President David W. Johnston - (403) 701-2781.
Visit our website at www.RainbowResourcesInc.com
About Rainbow Resources
Rainbow is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in two favourable and proven mining jurisdictions - the West Kootenays in southeast British Columbia (silver, gold and flake graphite), and Nevada where Rainbow's Jewel Ridge gold-silver project is in the heart of a major producing district. Rainbow's shares are listed for trading on the TSX Venture Exchange under the symbol RBW.V, and on the OTCQX International under the symbol RIINF. Rainbow has 41,627,719 common shares issued and outstanding.
Caution Regarding Forward-Looking Information
This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks,(more)uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release.
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