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Gold/Mining/Energy : Raindrop Resources Ltd

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To: zenin who wrote (100)	11/5/1997 2:47:00 PM
From: steamer	Read Replies (2) of 178

FOR IMMEDIATE RELEASE November 5, 1997 PRIVATE PLACEMENT ANNOUNCEMENT Raindrop Resources Ltd. (RAP.ASE) announces that the Company has completed a private placement for 500,000 units at $0.26 per unit. Each unit consists of one common share and one share purchase warrant. Each share purchase warrant entitles the holder to purchase an additional common share at $0.30. Proceeds from the (pp) will be used to fund the company's interests in various prospects in the Tanzania as well as the 'Manning property' located within the Buffalo Head craton in northern Alberta. The Alberta Stock Exchange neither approves or disapproves of the information contained herein. For further information contact Harry Joujan at (403) 205-3788 or Fax: (403) 205-3763 or E-mail raindrop@cadvision.com. SEC #82-4565

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