Rainy River Resources
NI 43-101 Resources of 3.42M oz. Au Indicated and 3.17M oz. Au Inferred (Feb. 2011)
Message: Reports AGM Results
| April 24, 2009 |
| Rainy River Reports AGM Results |
| VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 24, 2009) - Rainy River Resources Ltd. (the "Company") (TSX VENTURE:RR) is pleased to announce results of the Company's Annual General Meeting held on April 23, 2009 in Vancouver, Canada. Stu Averill, Nelson Baker, Leo Berezan, Dale Peniuk and Gerald Shields were re-elected to the Board. Due to time commitments with other business ventures, Mark See withdrew his name from the slate of management's nominees for election to the Board. The Company wishes to thank Mr. See for his contributions to the Company. Shareholders also approved the appointment of Davidson & Company LLP as auditors of the Company, the continuance of the Company's Stock Option Plan and the continued existence of the Shareholder Rights Plan. Immediately following the AGM, the Board held a meeting and appointed members to each of its three standing committees and re-appointed the following Company officers: President & CEO - Nelson W. Baker Vice President, Administration - Gerald J. Shields Vice President, Exploration - Stuart A. Averill Chief Financial Officer - Jim Grinnell Corporate Secretary - Liz Caridi About Rainy River Resources Ltd. Rainy River Resources is a Canadian precious metals exploration company whose key asset is the Rainy River gold project. With a $26.5 million treasury, the Company is well funded to conduct a dual-focused program consisting of: 1) definition diamond drilling of the main gold resource with accompanying scoping-style studies, and 2) selective diamond drill testing of high-priority gold targets defined primarily by RC drilling within the large gold system centered in Richardson Township. The Company's property is extremely well located in northwestern Ontario near the U.S. border. It is accessed by a network of roads and is close to hydro-electric infrastructure. The Rainy River district has a skilled labour force and is one of the lowest-cost areas for mineral exploration and development. Ontario has low political risk and, according to the annual Fraser Institute global survey of the mining industry, has consistently ranked as one of the top jurisdictions embracing mineral development. Nelson W. Baker, President |
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