Rainy Continues to Intersect Strong Gold Values

"Strong Gold Values in ODM and 17 Zone Drilling: 30.0 Metres Grading 2.04 g/t Gold, 10.0 Metres Grading 2.73 g/t Gold and 6.0 Metres Grading 5.98 g/t Gold"


Rainy River RR.v is still under recent Private Placement Price:

"VANCOUVER, British Columbia, August 2, 2007 -- Rainy River Resources Ltd. (TSX-V:RR) (the "Company") is pleased to announce that the Company has closed its private placement of an aggregate of 5,775,000 units of the Company (including full exercise of an over-allotment option consisting of 1,925,000 units) (the "Units") at a price of $5.20 per Unit and 840,000 flow-through common shares of the Company ("FT Shares") at a price of $6.00 per FT Share for gross proceeds of $35,070,000, as previously announced on July 18, 2007 (the "Offering"), all pursuant to an underwriting agreement between the Company and Canaccord Capital Corporation and Wellington West Capital Markets Inc. (collectively, the "Underwriters") dated for reference July 17, 2007."

You can get piece of action below Canaccord Capital which is worth studying. Development is interesting due to proximity to all infrastructure in the region. Website is here: http://www.rainyriverresources.com/s/Home.asp