Rainy Mountain Royalty Corp. (TSXV:RMO) announced a non-brokered private placement of up to 6.2 million units at a price of CAD 0.07 per unit for gross proceeds up to CAD 434,000 on December 14, 2020. Each unit will comprise one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of CAD 0.09 per share for a period of five years. The company may finders fees in the transaction. The directors and officers of the company may subscribe for the securities in the transaction. The closing of the transaction is subjected to receipt of all necessary regulatory approvals, including the acceptance of the TSX-V.