These are the same terms as the last land acquision... about $2500.00/acre. Are they setting this property up for sale, complete with all the i's dotted & t's crossed (except for BYV, so far), or are they planning on digging???? What would be best for the share holders???
Rainy River Further Increases Land Position
Friday, June 25, 2010
TORONTO, ONTARIO--(Marketwire - June 25, 2010) - Rainy River Resources Ltd. (TSX VENTURE:RR) (the "Company" or "Rainy") announces that it has added additional ground to its sizable land package in the Rainy River district of northwestern Ontario.
The Company has entered into an option agreement to earn a 100% interest in one patented claim totalling approximately 160 acres. To exercise the option, the Company must pay the vendor total cash payments of $100,000 and issue a total of 50,000 shares of the Company over a five year period. This option agreement is subject to acceptance by the TSX Venture Exchange.
