🕐04.06.14 - 01:54 Uhr

RIMFIRE PACIFIC MINING NL [ASX:RIM] - AUSINDUSTRY FUNDS RECEIVED - $1.165M CASH INFLOW





Fortbridge Media Release

Rimfire Pacific Mining NL [ASX:RIM] - AusIndustry Funds Received - $1.165M Cash Inflow

Rimfire Pacific Mining NL (ASX:RIM) is pleased to advise that it has now received $1.165M in relation to its AusIndustry R and D Tax Incentive Program application. These funds are a welcome addition to the Company�s financial position and are non-dilutive to shareholders.

In addition the Company has submitted its application to NSW Department of Trade and Investment for up to $200,000 as a Co-operative Drilling Grant. The program is a dollar for dollar matching program, where the Company would undertake the equivalent drilling expenditure to the grant value received.

The co-operative drilling funds grant is due for determination within July 2014 and would also be non-dilutive to shareholders, if received. The Company is appreciative of the opportunity to apply for the grant, and demonstrate the merits of its work programs being conducted at Fifield NSW.

The Company believes that its financial position continues to be well monitored and maintained.

To view the full announcement please refer to the attachment.

For further information please contact:

John Kaminsky
Executive Chairman
T 61 3 9620 5866
F 61 3 9620 5822
E
W

For media and investor inquiries, please contact:

Fortbridge Consulting: + 612 9003 0477

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