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KRO Company Profile

Rainy Mountain Royalty Corp (RMO-V)

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Rainy Mountain Royalty Corp is Bob Middleton's exploration vehicle in northern Ontario backed by Doug Mason where the junior has done grassroots exploration in the Shebandowan Belt and other areas near Thunder Bay. Middleton's geophysics based approach has led him to focus on VMS targets and layered intrusive complexes, with the 30% owned Norton Lake project south of McFauld's Lake the most advanced project. Both Norton Lake and During 2008 Rainy Mountain shifted its focus to the area south of the Ring of Fire where Northern Shield had attracted Implats as a partner in its Highbank layered intrusive complex play. Rainy Mountain Royalty Corp Changed its name from East West Resource Corp on February 5, 2010.
Trade DateVolumeHighLowCloseChgStatus
March 24, 201746,000$0.11$0.10$0.10$0.00Trading
Milestone Timeline
ProjectProgramStartEndMilestone
BrunswickTarget Testing2017 Q1 Early March2017 Q2 Late May14 hole drill program to test IP chargeability anomaly associated with nearby arsenic-antimony outcrop anomaly interpreted as a blind gold enriched splay off the Ridout fault.
Basic Info
Listed On:TSX Venture: RMO6/21/1994Sector:ResourceKey People
Issued:25,932,87510/31/2016Story Type:Mineral ExplorationDouglas L. Mason (CEO), Sead Hamzagic (CFO), Robert S. Middleton (VP EX)
Diluted:43,049,541
JK Owns:Yes
Insider Stake:20%11/9/2016Tel:(604) 922-2030
Working Capital:($1,417)10/31/2016Email:Address
Market Cap:$2,593,288
Web Site:www.rmroyalty.com2489 Bellevue Ave, West Vancouver, BC, V7V 1E1, Canada
Cash Breakup:($0.01)per sh

Corporate Change History


#Old for NewLast PricePrior NameSubsequent NameDetails
Feb 5, 2010Name Change5:1$0.04East West Resource Corp (EWR-V)Rainy Mountain Royalty Corp (RMO-V)
Sep 30, 2014Reverse Split4:1$0.02Rainy Mountain Royalty Corp (RMO-V)Rainy Mountain Royalty Corp (RMO-V)
Ranking within Company's Price Range based Group
All KRO as of Mar 24, 2017Group MedianCompanyPercentileScore
Price Range:$0.10-$0.19Issued:46,257,63825,932,87570.1%53.5%
Price Group Total:284Working Cap:$224,422($1,417)37.0%
TSXV KRO as of Mar 24, 2017Group MedianCompanyPercentileScore
Price Range:$0.10-$0.19Issued:42,980,00425,932,87567.9%52.7%
Price Group Total:262Working Cap:$193,795($1,417)37.4%
Group figures exclude delisted and suspended companies. The higher the company percentile the better, based on the assumptions that the lowest issued shares and highest working capital are best. The score is the average of the percentiles. A percentile is that percentage of a group that a member ranks higher than. Note that issued and WC reflect latest financials.
Open Recommendation: see Status - Members Only
Charts & Financing Activity

 Most recent 43-101 resource estimate  Prior resource estimate  PEA  PFS  FS/BFS/DFS
Private Placement Key
less than $500,000 $1,000,000 - $2,000,000 $5,000,000 - $10,000,000 $20,000,000 - $50,000,000
$500,000 - $1,000,000 $2,000,000 - $5,000,000 $10,000,000 - $20,000,000 over $50,000,000
Private placement financing dates and value ranges are based on transactions reported by the TSXV Monthly Review.
Date Company Type Quantity Price FT Units Amount Broker
Jan 9, 2002 East West Resource Corporation PP 300,000 $0.100 FT Units $30,000
Apr 1, 2002 East West Resources Corporation PP 500,000 $0.100 FT
$50,000
May 7, 2002 East West Resource Corporation PP 1,150,000 $0.100 FT
$115,000
May 13, 2002 East West Resource Corporation PP 3,850,000 $0.100

$385,000
May 17, 2002 East West Resource Corporation PP 500,000 $0.100
Units $50,000
Dec 31, 2002 East West Resource Corporation PP 600,000 $0.100 FT Units $60,000
Jan 15, 2003 East West Resource Corporation PP 1,900,000 $0.100
Units $190,000
Jan 22, 2003 East West Resource Corporation PP 100,000 $0.100
Units $10,000
Jul 23, 2003 East West Resource Corporation PP 200,000 $0.100
Units $20,000
Dec 18, 2003 East West Resource Corporation PP 2,500,000 $0.100 FT Units $250,000
Dec 18, 2003 East West Resource Corporation PP 2,500,000 $0.100
Units $250,000
Jan 9, 2004 East West Resource Corporation PP 100,000 $0.100
Units $10,000
Jan 9, 2004 East West Resource Corporation PP 400,000 $0.100 FT Units $40,000
Dec 14, 2004 East West Resource Corporation PP 1,000,000 $0.100
Units $100,000
Dec 22, 2004 East West Resource Corporation PP 4,625,000 $0.080 FT Units $370,000
Dec 22, 2004 East West Resource Corporation PP 625,000 $0.080
Units $50,000
Dec 23, 2004 East West Resource Corporation PP 555,555 $0.090 FT Units $50,000
Dec 23, 2004 East West Resource Corporation PP 555,555 $0.090
Units $50,000
Jan 28, 2005 East West Resource Corporation PP 500,000 $0.150
Units $75,000
Mar 14, 2005 East West Resource Corporation PP 1,200,000 $0.125
Units $150,000
Jun 3, 2005 East West Resource Corporation PP 8,333,333 $0.120
Units $1,000,000
Jun 21, 2005 East West Resource Corporation PP 13,591,666 $0.120
Units $1,631,000
Feb 5, 2007 East West Resource Corporation PP 2,000,000 $0.140
Units $280,000
Dec 20, 2007 East West Resource Corporation PP 2,941,177 $0.170 FT Units $500,000
Dec 20, 2007 East West Resource Corporation PP 13,333,334 $0.150
Units $2,000,000
Mar 4, 2010 Rainy Mountain Royalty Corp PP 3,750,000 $0.100

$375,000
May 18, 2012 Rainy Mountain Royalty Corp PP 300,000 $0.065
Units $19,500
May 18, 2012 Rainy Mountain Royalty Corp PP 1,010,000 $0.065 FT
$65,650
Feb 28, 2013 Rainy Mountain Royalty Corp PP 3,850,000 $0.050
Units $192,500
May 9, 2013 Rainy Mountain Royalty Corp PP 8,070,000 $0.050
Units $403,500
Oct 28, 2013 Rainy Mountain Royalty Corp PP 2,000,000 $0.050
Units $100,000
Nov 6, 2014 Rainy Mountain Royalty Corp PP 1,575,000 $0.065
Units $102,375
Oct 31, 2016 Rainy Mountain Royalty Corp PP 7,651,916 $0.060
Units $459,115
Oct 31, 2016 Rainy Mountain Royalty Corp PP 2,954,000 $0.075 FT Units $221,550
Capital
Financials Dated: October 31, 2016 Reporting Period: 6 months Year End: 04/30 Currency: CAD
Assets Liabilities Income
Cash Equivalents: $209,181 Current Liabilities: $435,911 Operating Revenues: $0
Receivables etc: $225,313 Tangible LT Debt: $0 Operating Cash Costs: $0
Current Assets: $434,494 Intangible LT Debt: $0 Operating Cash Flow: $0
Long Term Assets:$2,260,709Total Liabilities:$435,911Operating Non-Cash Costs:$0




Miscellaneous Revenue:$0
Total Assets: $2,695,203 Share Capital: $21,461,542 Cash Expenses: $164,608


Shareholder Deficit: ($19,202,250) Non-Cash Expenses: $90,290
Working Capital: ($1,417) Net Shareholder Equity: $2,259,292 Total Expenses: $254,898




Overall Cash Flow:($164,608)
Monthly Overhead:$27,435

Net Income (Loss):($254,898)

Note:
Structure & People
Directors, Officers and Employees: 3,865,875 14.9% AGM: November 9, 2016
Other Insiders: 1,250,000 4.8% People Tree Available
Past Reported Shareholders: 6,223,412 N/A
Related Party Occupation Related
Since
Insider Director Officer Capacity Ownership %
Sead Hamzagic Accountant 10/26/2009 CFO 0 0.0%
Andrzej Kowalski Lawyer 6/13/2012

0 0.0%
Douglas L. Mason Businessman 10/26/2009 CEO & Chairman 3,865,875 14.9%
Mehrun Payravi
12/2/2015

0 0.0%
Exploration Capital Partners 2012 LP
10/24/2013


1,250,000 4.8%
Robert S. Middleton Geologist 7/31/2015
VP Exploration 0 0.0%
Past Insiders and Reported Shareholders - Current Ownership Status unknown
Related Party Occupation Related
Since
Insider
Ended
Director
Ended

Capacity Ownership
Robert M. Buchan Merchant Banker 10/26/2009 11/28/2012 11/28/2012
Director 625,000
Blake Colvin Consultant 12/27/1996 10/26/2009 10/26/2009
Director 102,000
Ronald A. Coombes
10/26/2009 7/22/2014 7/22/2014
Director 1,434,524
R. Bruce Durham Geologist 2/1/2005 10/26/2009 10/26/2009
Director 0
William Ford Lawyer 10/21/2005 10/26/2009 10/26/2009
Director 0
Sabrina Jones
10/26/2009 2/4/2014 2/4/2014
Director 62,500
Darren Kirkwood Lawyer 10/11/2006 10/26/2009 10/26/2009
Director 0
Maurice J. Lavigne Geologist 3/22/2004 10/26/2009 10/26/2009
Director 225,000
Paul McGroary Businessman 10/11/2005 10/11/2007 10/11/2007
Director 2,828,138
John Mockridge
10/27/1997 10/26/2009 10/26/2009
Director 0
Bruce E. Morley Lawyer 10/26/2009 6/1/2016 6/1/2016
Director 286,250
William C. Pettigrew
7/1/2007 10/26/2009 10/26/2009
Director 0
Paul F. Saxton Engineer 10/20/2011 7/22/2014 7/22/2014
Director 0
Edward A. Yurkowski Contractor 10/26/2009 7/22/2014 7/22/2014
Director 660,000
Share positions of current insiders based on last AGM circular, ownership % based on current Issued. Share positions of past insiders and shareholders have not been adjusted for rollbacks or splits.
Risk Analysis

Click here to view IPV Report

Key to Understanding the Spec Value Hunter Tables
Flagship Play Secondary Plays Other Plays
A Spec Value Hunter table allows speculators to identify which projects offer poor, fair or good speculative value according to the rational speculation model. The speculative value depends on the project stage, the project's implied value as calculated by the company's fully diluted, stock price and net project interest, and the dream target deemed appropriate for the project. A dream target is what a project would be worth in discounted cash flow terms once in production.
Poor Speculative Value - Fair Speculative Value - Good Speculative Value -
Note: narrow arrows indicate IPV is outside the fair value channel but within 25% of the fair value limits
Active Company Projects
ProjectCountryRegionNet
Interest
StageIPV $
MM

$100
UPV
$500

$2000
Target MetalsDeposit Style
BrunswickCanadaPorcupine100% WI2-Target Drilling $4 GoldShear / Vein
PowellCanadaShebandowan Belt100% WI2-Target Drilling $4 Copper Zinc Gold SilverVMS / Shear
Marshall LakeCanadaOntario25% TC3-Discovery Delineation $17 Copper Gold Silver ZincVMS
MaxCanadaMcFauld's Lake40.9% TC2-Target Drilling $11 Nickel Copper Platinum PalladiumUltramafic Intrusive
Norton LakeCanadaMcFauld's Lake30.2% WI4-Infill Drilling $14 Nickel Copper Cobalt PalladiumLayered Ultramafic Intrusive
SeagullCanadaNipigon Basin4.5% TC2-Target Drilling $96 Nickel Palladium PlatinumLayered Ultramafic Intrusive
Company Projects

Brunswick Project
BrunswickCanadaONPorcupine0 ha
Net Interest: 100% WI
Vested: No
Uncapped NSR/GOR: 1.00%
Ownership Terms: Option dated Sept 2, 2016 to acquire 100% in 19 claim units from Michael Tremblay and Fiorella Santamaria for $150,000 and 600,000 shares over 2 years. Vendors retain a 2% NSR of which half can be bought any time for $1 million and optionor retains a right of first refusal on the other half.
Target Metals: GoldModel: Shear / VeinStage: 2-Target Drilling
Implied Project ValueJK Dream Target$100 million$500 million$2 billionSpeculative Value
$4,304,954Not Rated
Milestone Timeline
ProgramStartEndMilestone
Target Testing2017 Q1 Early March2017 Q2 Late May14 hole drill program to test IP chargeability anomaly associated with nearby arsenic-antimony outcrop anomaly interpreted as a blind gold enriched splay off the Ridout fault.

Powell Project
PowellCanadaONShebandowan Belt3,104 ha
Net Interest: 100% WI
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms: Originally two properties, the 100% owned Clay property, and the adjacent Powell property acquired 50:50 with Mega Uranium in 2004. On Aug 26, 2016 RMO acquired Mega's 50% for 500,000 shares.
Target Metals: Copper Zinc Gold SilverModel: VMS / ShearStage: 2-Target Drilling
Implied Project ValueJK Dream Target$100 million$500 million$2 billionSpeculative Value
$4,304,954Not Rated

Marshall Lake Project
Marshall LakeCanadaONOntario0 ha
Net Interest: 25% TC
Vested: Yes
Uncapped NSR/GOR: 1.00%
Ownership Terms: Subject to various NSR that can be reduced to a 1% NSR. Owned 50:50 with Marshall Lake Mining Ltd. Agreement dated July 6, 2010, and as amended, the Company and Marshall Lake Mining Limited (“MLMP”), a privately held company based in the United Kingdom (each holding a 50% interest in the Marshall Lake property), granted an option to Copper Lake, whereby Copper Lake has the right to acquire up to a 50% joint venture interest in the Marshall Lake property and project. Under the option agreement, Copper Lake is required to incur $4,000,000 in expenditures on the property over five years and to issue 2,000,000 shares to the Company over four years. Copper Lake earns a 12.5% joint venture interest in the Marshall Lake project for every $1,000,000 in expenditures incurred and for every 400,000 shares issued (except for the initial 12.5% interest, whereby Copper Lake was required to issue 800,000 shares to the Company). To date, the Company has received 2,000,000 shares of Copper Lake valued at $296,000 at the time of issue. Additionally, once Copper Lake has completed its share issuance and spending requirements, it has the additional option to increase its joint venture interest to 75% by incurring such additional property expenditures as are necessary to take the Marshall Lake project to bankable feasibility stage. Prior to July 22, 2014, the Company and Copper Lake had certain directors in common. By amending agreement, dated July 8, 2015, the Company and Marshall Lake Mining agreed to extend Copper Lake’s initial earn-in option on the Marshall Lake property to July 15, 2017 in return for Copper Lake issuing 500,000 shares (valued at $22,500 at the time of issue) to each of the Company and Marshall Lake Mining, which shares were issued as of July 30, 2015. As of July 8, 2015, Copper Lake had earned a 37.5% joint venture interest in the Marshall Lake project. On May 5, 2016, Copper Lake announced (subject to shareholder and TSX Venture Exchange approvals), that it had reached an agreement with MLMP to acquire its 31.25% interest in the Marshall Lake property. Once approved, such acquisition will give Copper Lake a 68.75% interest in the Marshall Lake property with the remaining 31.25% held by the Company. Copper Lake has spent $3,093,000 as of April 30, 2016 towards its $4 million requirement.
Target Metals: Copper Gold Silver ZincModel: VMSStage: 3-Discovery Delineation
Implied Project ValueJK Dream Target$100 million$500 million$2 billionSpeculative Value
$17,219,816Not Rated

Max Project
MaxCanadaONMcFauld's Lake9,100 ha
Net Interest: 40.9% TC
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms: Northern Shield can earn a 50-per-cent interest from East West by making an initial payment of $75,000, issuing 300,000 shares, incurring $1-million in exploration expenditures on the property within two years, of which $250,000 must be incurred in 2008, and making an additional payment of $50,000 and issuing an additional 100,000 shares on the first anniversary of the agreement. After earning its 50-per-cent interest, Northern Shield can increase its interest to 66 per cent with an additional expenditure of $2.5-million over two years and the issuance of an additional 250,000 shares.
Target Metals: Nickel Copper Platinum PalladiumModel: Ultramafic IntrusiveStage: 2-Target Drilling
Implied Project ValueJK Dream Target$100 million$500 million$2 billionSpeculative Value
$10,525,560Not Rated

Norton Lake Project
Norton LakeCanadaONMcFauld's Lake8,800 ha
Net Interest: 30.2% WI
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms: Owns 30.21% while Copper Lake (formerly White Tiger) owns 69.79%.
Target Metals: Nickel Copper Cobalt PalladiumModel: Layered Ultramafic IntrusiveStage: 4-Infill Drilling
Implied Project ValueJK Dream Target$100 million$500 million$2 billionSpeculative Value
$14,250,096Not Rated
Base Case Resource Estimates
Project Resource Estimate - Norton Lake
Dec 12, 2005NI 43-101Caracle Creek International Consulting IncCutoff: 0.3% Ni
Resource CategoryTonnageTotal
Rock Value
MetalGradeRecoveryContained Metal% of GMV
Measured Resource1,769,721$131/tNickel0.670%100.0%26,140,232 lb51%
Copper0.610%100.0%23,799,315 lb27%
Cobalt0.030%100.0%1,170,458 lb13%
Palladium0.46 g/t100.0%26,173 oz9%
Indicated Resources488,933$131/tNickel0.670%100.0%7,221,942 lb51%
Copper0.610%100.0%6,575,201 lb27%
Cobalt0.030%100.0%323,371 lb13%
Palladium0.47 g/t100.0%7,388 oz9%
Inferred Mineral Resources198,571$129/tNickel0.660%100.0%2,889,280 lb51%
Copper0.590%100.0%2,582,841 lb26%
Cobalt0.030%100.0%131,331 lb13%
Palladium0.47 g/t100.0%3,001 oz10%
All Categories Spot2,457,225$131/tNickel0.669%
36,251,453 lb51%
Copper0.608%
32,957,357 lb27%
Cobalt0.030%
1,625,160 lb13%
Palladium0.46 g/t
36,562 oz9%
Spot Gross Metal ValueMarket Cap as % of Net GMVSpot Prices Used
$322,041,0914.4%Nickel $4.50/lb, Copper $2.62/lb, Cobalt $26.25/lb, Palladium $815.10/oz

Seagull Project
SeagullCanadaONNipigon Basin2,544 ha
Net Interest: 4.5% TC
Vested: Yes
Uncapped NSR/GOR: 1.00%
Ownership Terms: RMO owns 30% while Cdn Intl Pharma Corp (formerly Black panther Mining Corp) owns 40% and White Metal Resources Corp owns 30%. Subject tp 2.4% NSR of which 1.4% can be bought for $2 million. Agreement Feb 22, 2011 to option up to 85% to Minfocus Epxloration Corp which can earn 55% by spending $1 million, 70% by spending an addditional $2 million, and 85% by funding a feasibility study within 5 years of vesting. Various amendments that make the due date Sept 30, 2019.
Target Metals: Nickel Palladium PlatinumModel: Layered Ultramafic IntrusiveStage: 2-Target Drilling
Implied Project ValueJK Dream Target$100 million$500 million$2 billionSpeculative Value
$95,665,647Not Rated
Company Related KRO Comments
Jan 13, 2017Bottom-Fish Comment: Recommendation Strategy for Rainy Mountain Royalty Corp
Mar 17, 2005Tracker 2005-04: East West and Maple own key ground near Sungold discovery

Company News Releases
Mar 23, 2017Enters into Drilling Contract for its Brunswick Property Exploration Program
Mar 15, 2017New Listing Warrants
Mar 14, 2017TSX Venture Exchange Approves Rights Offering Warrants For Listing
Mar 6, 2017Rights Offering Units
Mar 6, 2017Non Brokered Private Placement
Mar 3, 2017Launches 2017 Exploration Program on its Brunswick Property
Mar 2, 2017Closing of Rights Offering
Feb 27, 2017Expiry of Fully Subscribed Rights Offering Gross Proceeds $1,354,705
Feb 21, 2017Rights Offering Shares
Jan 26, 2017Rights Offering Shares, Amendment, Correction
Jan 26, 2017Ex Dividend
Jan 25, 2017Amends Rights Offering
Jan 24, 2017Scheduled Ex Dividend
Jan 24, 2017Rights Offering Shares
Jan 24, 2017Rights Offering
Jan 3, 2017Looks to Expand the Extent of the Brunswick Property Gold Structure
Dec 12, 2016Additional Targets Defined from Geochemistry; Prospecting and 3D IP at Brunswick Property
Dec 2, 2016Reports Initial Exploration Program Results For Brunswick Property
Nov 21, 2016Preliminary Findings on its Brunswick Property
Oct 31, 2016Private Placement Non Brokered
Oct 27, 2016Closes Non Brokered Private Placement
Oct 26, 2016Warrant Term Extension
Oct 25, 2016Makes Application to Amend Term of Share Purchase Warrants
Oct 20, 2016Engages Business Advisory Consultants
Oct 7, 2016Douglas Mason Disposed of 3,500,000 Common Shares of Rainy Mountain Royalty Corp.
Sep 28, 2016Adds Flow Through Offering to Recently Announced Private Placement
Sep 20, 2016Grants Stock Options
Sep 15, 2016Receives Regulatory Acceptance For Two Property Acquisitions
Sep 12, 2016Property Asset or Share Purchase Agreement
Sep 6, 2016Non Brokered Private Placement
Sep 2, 2016Granted Option to Acquire Brunswick Twp. Property, Ontario
Aug 31, 2016Property Asset or Share Purchase Agreement
Aug 26, 2016Rainy Mountain Royalty Corp. To Acquire An Additional 50% Interest In Powell Property
Jun 29, 2016Resignation Of Director
May 3, 2016Grants Stock Options
Dec 2, 2015Appoints Director to the Board
Sep 2, 2015Non Brokered Private Placement
Jul 31, 2015Appoints VP, Exploration
Nov 7, 2014Closes Non Brokered Private Placement
Nov 6, 2014Private Placement Non Brokered
Oct 31, 2014Non Brokered Private Placement
Oct 30, 2014Douglas Mason has Acquired 600,000 Common Shares of Rainy Mountain
Oct 23, 2014Appointment of Qualified Person for Ontario Properties
Oct 21, 2014Grants Stock Options
Sep 29, 2014Consolidation
Sep 24, 2014Proposed Share Consolidation
Sep 22, 2014Enters into Agreement to sell its interest in the Hamlin Deaty Creek Property Shebandowan Belt, Thunder Bay, Ontario
Sep 2, 2014Entered Into A Loan Agreement With Prairie Enterprises (alberta) Ltd.
Jul 22, 2014Changes to its Board of Directors
Mar 19, 2014Discontinues Exploration on its Olsen Property, Ontario
Mar 18, 2014Black Panther Discontinues Exploration on its Olsen Property, Ontario
Feb 4, 2014Resignation of Director
Nov 6, 2013Douglas Mason Acquires 2,000,000 Units of Rainy Mountain
Nov 6, 2013Closes Private Placement
Oct 28, 2013Private Placement Non Brokered
Oct 18, 2013Non Brokered Private Placement


 

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