Toronto, Ontario - Rainbow Resources Inc. (TSXV: RBW) ("Rainbow" or, the "Company") is pleased to advise that it has completed its previously announced name change and consolidation.
The Company's name has been changed from "Rainbow Resources Inc." to "Braveheart Resources Inc." (the "Name Change"). The articles of the Company were also amended to consolidate the issued and outstanding common shares of the Company (the "Common Shares") on the basis of one (1) post-consolidation Common Share for every ten (10) pre-consolidation Common Shares (the "Consolidation"), resulting in approximately 5,004,705 Common Shares in the capital of the Corporation issued and outstanding. The Name Change and Consolidation were approved by the shareholders of the Company at an annual and special meeting of shareholders held on November 12, 2014.
The Common Shares will commence trading on the TSX Venture Exchange on a consolidated basis and under its new name at the opening of trading on Thursday, November 27, 2014 under the new symbol "BHT".
Letters of transmittal are being mailed to shareholders of the Corporation to be utilized to exchange their Common Shares for new Common Shares on a post-Name Change and post-Consolidation basis.
About Braveheart Resources:
Braveheart is a Canadian based junior exploration company focused on building shareholder value through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold).
Braveheart Resources Inc.
David W. Johnston
Website: www.braveheartresourcesinc.com (currently under construction)
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 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.