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Miami Florida – (OTC Markets) – October 1, 2020 – Rainforest Resources Inc. (“RRIF”), as announced in the press release dated July 7, 2020, has signed a Letter of Intent (LOI) for the further acquisition of approximately 9,190 hectare of rainforest and highlands property in SAN VICENTE DE CAMBUGAN, Ecuador. The Company is informing that it is in the last stages of finalizing the acquisition of these lands and turning it into a new protection area with high biodiversity of endemic flora and fauna.
The Company is currently awaiting the verification of titles to the property within the next days. The Company will disclose the details of the Sales and Purchase Agreement in detail on the Company website as well as OTC Markets.
The property in SAN VICENTE DE CAMBUGAN, Ecuador has a Semi Wet Equatorial Mesothermal Climate with four to five climatic floors, located in the hotspot of Tropical Andean with various waterfalls, high biodiversity of endemic flora and fauna and around 45,000 plants species as well as around 3,400 vertebrates.
SAN VICENTE DE CAMBUGAN is one of the hotspots in Ecuador where many endangered species live. The Spectacled Bear, for example and a very unique species of bird, like the Black-breasted Zamarrito or Puffleg call this property their home. The Black-breasted Puffleg is a species of hummingbird native to Ecuador. It is critically endangered, with less than 300 individuals remaining in the wild. The developing situation is extremely worrying. Due to climate change and deforestation it is one of the most threatened species in the world, according to the International Union for Conservation of Nature (IUCN). Rainforest Resources takes another step in its mission to keeping these important ecosystems intact and saving these endangered animals from extinction.
For further information contact: info@rainforestresourcesinc.com
This Press Release contains certain forward-looking statements that are based on management’s expectations, estimates, projections and assumptions. Words such as “expects” “anticipates” “plans” “believes” “scheduled” “estimates” and variations of these words and similar expressions are intended to identify forward-looking statements, which include but are not limited to projections of revenues, earnings, segment performance, cash flows, contract awards, and stability. Forward-looking statements are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors beyond the control of management. All forward-looking statements speak only as of the date of this release, or, in the case of any documents incorporated by reference, the date of that document. All subsequent written and oral forward-looking statements attributable to the company or any person acting on thecompany’s behalf are qualified by the cautionary statements in this section. The company does not undertake any obligation to update or publicly release any revisions to forward looking statements to reflect events, circumstances or changes in expectations after the date of thisreport.
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