TORONTO, ONTARIO, January 25, 2012 -- Rainbow Resources Inc. (TSX VENTURE:RBW) ("Rainbow" or the "Company") is pleased to announce that it expects the close the second and final tranche of its previously announced private placement (see the Company news releases dated December 7, 2011 and January 5, 2012) on or before February 7, 2012.
The offering is subject to certain conditions, including but not limited to, the receipt of all necessary approvals, including the TSX Venture Exchange and applicable securities regulatory authorities.
Rainbow's shares are listed for trading on the TSX Venture Exchange under the symbol RBW.V. Rainbow currently has 26,395,137 common shares issued and outstanding.
For further information: David W. Johnston: (403) 701-2781
Visit our website at www.rainbowresourcesinc.com
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 or accuracy of this release.