Rainy River Resources Announces Appointment of Director of Investor Relations
June 06 2011 - 3:15PM
Marketwired Canada
Rainy River Resources Ltd. (the "Company") (TSX VENTURE:RR) is pleased to
announce the appointment of Ms. Indi Gopinathan as the Company's Director,
Investor Relations. Ms. Gopinathan brings to the position extensive hands-on
experience in both the capital markets and the mining industry. Prior to joining
the Company, Ms. Gopinathan served as an Equity Research Analyst with Scotia
Capital Inc., where she specialized in the gold and precious metals sector. She
also covered base metals companies as an Equity Research Associate with Versant
Partners Inc. Ms. Gopinathan gained industry experience through her work with
Falconbridge Ltd./Noranda Inc. (now Xstrata Plc.), where she last held the role
of senior financial analyst within the copper group. A professional engineer,
Ms. Gopinathan held positions early in her career as a project manager at the
Brunswick Mine in Bathurst, NB and as a logistics specialist in Toronto. Ms.
Gopinathan holds a B.A.Sc. in Civil Engineering from the University of Toronto
and an MBA from Queen's University. In addition, she holds the designation of
Certified Management Accountant with CMA Ontario.
"We are very pleased to have Indi join the Rainy River team," commented Ray
Threlkeld, President and CEO. "As we move forward to develop the Rainy River
Gold Project, Indi will be directing our messaging to the investment community
and also providing analysis for strategically growing the Company".
Rainy River Resources also announces the appointment of Gerald Shields as the
Company's Corporate Secretary. Mr. Shields succeeds Liz Caridi, who has left the
Company. He will continue to serve as Vice-President and General Counsel of
Rainy River Resources.
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 over CAN$125 million in cash and
short term investments, the Company is well funded to conduct a dual-focused
drilling program consisting of: 1) definition diamond drilling of the main gold
resources in preparation for scoping and pre-feasibility 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 the southwestern corner of
northern 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. The Company is also working to advance the early-stage
discoveries at its TPK Joint Venture Property, also in Ontario, where it can
earn a 51% interest in the property from Northern Superior Resources. 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.
RAINY RIVER RESOURCES LTD.
Raymond W. Threlkeld, President & CEO
This release includes certain statements that may be deemed to be
"forward-looking statements". All statements in this release, other than
statements of historical fact, that address events or developments that the
Company expects to occur, are forward looking statements. Forward looking
statements are statements that are not historical facts and are generally, but
not always, identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "potential" and similar
expressions, or that events or conditions "will", "would", "may", "could" or
"should" occur. Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such statements
are not guarantees of future performance and actual results may differ
materially from those in forward-looking statements. Factors that could cause
the actual results to differ materially from those in forward-looking statements
include gold prices, results of exploration and development activities,
regulatory changes, defects in title, availability of materials and equipment,
timeliness of government approvals, continued availability of capital and
financing and general economic, market or business conditions. The Company
cautions that the foregoing list of important factors is not exhaustive.
Investors and others who base themselves on the Company's forward-looking
statements should carefully consider the above factors as well as the
uncertainties they represent and the risk they entail. The Company believes that
the expectations reflected in those forward-looking statements are reasonable,
but no assurance can be given that these expectations will prove to be correct.
Please see the public filings of the Company at www.sedar.com for further
information.
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