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Restructuring Advances Rainmaker's Strategy to Up-List to the OTCQB


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Restructuring Advances Rainmaker’s Strategy to Up-List to the OTCQB
Rainmaker Worldwide Inc.April 6, 2021 GMT
Rainmaker Worldwide Removes 5.5 Million USD of Debt and Liabilities 
Peterborough, CA, April 06, 2021 (GLOBE NEWSWIRE) via NewMediaWire Rainmaker Worldwide Inc. (OTC: RAKR) (“Company” or “RAKR”) announced today the completion of an Equity Exchange Agreement (“Agreement”) with its Dutch Shareholders that transferred 5.5 million USD in debt and liabilities from RAKR to its Dutch Shareholders who have taken an increased equity position in Rainmaker Holland B.V. (“RHBV”).  These same shareholders returned 20 million RAKR shares as part of the Equity Exchange Agreement and the equity expansion of RHBV has reduced RAKR’s ownership to 12%.  RAKR has been pursuing a strategic restructuring since late 2020 with three main objectives rejuvenate ....

Sri Lanka , Michael Oconnor , Equity Exchange Agreement , Capital Finance International , Newmediawire Rainmaker Worldwide Inc , Community Impact Water Solutions Global , Rainmaker Worldwide Inc , Rainmaker Worldwide Removes , Dutch Shareholders , Best Community Impact Water Solutions Global , Capital Finance , Chief Executive Officer , ஸ்ரீ லங்கா , மைக்கேல் ஒக்கொன்னோர் , மூலதனம் நிதி சர்வதேச , சமூக தாக்கம் தண்ணீர் தீர்வுகள் உலகளாவிய , மழை தயாரிப்பாளர் உலகளவில் இன்க் , டச்சு பங்குதாரர்கள் , சிறந்தது சமூக தாக்கம் தண்ணீர் தீர்வுகள் உலகளாவிய , மூலதனம் நிதி , தலைமை நிர்வாகி அதிகாரி ,

Rainmaker Worldwide Removes $775,000 in Outstanding Promissory Notes, Loans and Debt Owed to Current and Past Management Team


Press release content from NewMediaWire. The AP news staff was not involved in its creation.
Rainmaker Worldwide Removes $775,000 in Outstanding Promissory Notes, Loans and Debt Owed to Current and Past Management Team
Rainmaker Worldwide Inc.March 11, 2021 GMT
RAKR continues its restructuring including preparations to list on the OTCQB(R) and re-constituting a world-class Board of Directors.
Peterborough, Ontario - ( NewMediaWire ) - March 11, 2021 - Rainmaker Worldwide Inc. (OTC: RAKR) (“Company” or “Rainmaker”) announced today that as part of a previously announced effort to facilitate financial restructuring, the Company has removed approximately $775,000 in outstanding promissory notes, loans and debt that was owed to past and present executives including current Chairman and CEO Michael O’Connor. The outstanding loans have been converted to restricted shares of Rainmaker at USD 0.09. ....

United States , Michael Oconnor , Capital Finance International , Jamaica Northern Caribbean University , Community Impact Water Solutions Global , Company Or Rainmaker , Rainmaker Worldwide Inc , Northern Caribbean University , Best Community Impact Water Solutions Global , Capital Finance , Chief Executive Officer , Latin America And Caribbean , ஒன்றுபட்டது மாநிலங்களில் , மைக்கேல் ஒக்கொன்னோர் , மூலதனம் நிதி சர்வதேச , ஜமைக்கா வடக்கு கரீபியன் பல்கலைக்கழகம் , சமூக தாக்கம் தண்ணீர் தீர்வுகள் உலகளாவிய , நிறுவனம் அல்லது மழை தயாரிப்பாளர் , மழை தயாரிப்பாளர் உலகளவில் இன்க் , வடக்கு கரீபியன் பல்கலைக்கழகம் , சிறந்தது சமூக தாக்கம் தண்ணீர் தீர்வுகள் உலகளாவிய , மூலதனம் நிதி , தலைமை நிர்வாகி அதிகாரி , லத்தீன் அமெரிக்கா மற்றும் கரீபியன் ,