Rare Method Interactive Corp. announces $700,000 Non-brokered Private Placement of Units

CALGARY, May 10 /CNW/ - Rare Method Interactive Corp. ("Rare Method" or "Corporation") (TSX-V: RAM) intends to conduct a non-brokered private placement of up to 14,000,000 units of the Corporation ("Unit") at a purchase price of $0.05 per Unit for gross proceeds of up to $700,000 (the "Offering").  Each Unit will consist of one common share ("Common Share") and one share purchase warrant ("Warrant") of the Corporation.  Each Warrant will entitle the holder to acquire one Common Share at a price of $0.10 for a period of five (5) years from the closing date of the Offering.  The Offering is anticipated to close on or about May 31, 2011.

Net proceeds of the Offering will be used to fund the Corporation's general working capital and corporate purposes.

Upon the closing of the private placement it is the intention of the Corporation to have Mr. Tom Short step down from the board and replaced by Chris McLean.

The Offering is subject to acceptance by the TSX Venture Exchange and all securities issued will be subject to a hold period of four months from the date of closing of the Offering.

About Rare Method Interactive Corp.

Rare Method (TSX-V: RAM) is an integrated agency that leverages technology to make marketing more effective and accountable.  Rare Method offers a range of marketing services including marketing strategies, creative, technology development, media planning & management, campaign analytics, reporting & optimization.  Rare Method has 32 employees in Calgary, Alberta and Salt Lake City, Utah.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Readers' Advisory

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.  The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.  This press release may contain statements within the meaning of safe harbour provisions as defined under United States Securities Laws and Regulations. The above statements are based on the current expectations and beliefs of the Corporation's management and are subject to a number of risks and uncertainties that may cause the actual results to differ materially from those described above.

Forward Looking Information

This news release contains certain "forward-looking information" within the meaning of such statements under applicable securities law including statements relating to the Offering. 

Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur.  These statements are only predictions.  Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements.  These factors include, but are not limited to, the ability of the Corporation to complete the Offering as currently contemplated or at all.  Actual timelines associated may vary from those anticipated in this news release and such variations may be material.  Industry related risks could include, but are not limited to, operational risks in exploration, development and production, delays or changes in plans, risks associated to the uncertainty of reserve estimates, health and safety risks and the uncertainty of estimates and projections of production, costs and expenses. The Corporation undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change, unless required by law.  The reader is cautioned not to place undue reliance on this forward-looking information.

SOURCE Rare Method Interactive Corp.

For further information:

Investor & Media Inquiries
Attn: Martin Park, CEO
Tel: (403) 543-4500

Profil de l'entreprise

Rare Method Interactive Corp.

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