RTMFF - RT MINERALS CORP. Abandons 102 Square Kilometres of Claims Near Kirkland Lake Ontario
(TheNewswire)
Vancouver, B.C. – TheNewswire - April 13, 2022 – RT Minerals Corp. (TSXV:RTM)(OTC:RTMFF) (the “Company” or “RTM”)announces that further to the Company’s news release of March 22,2022, the Company has abandoned and returned to the Crown (MNDM-MLAS,Ontario) the 102 square kilometres of claims (the “CGI Claims”)originally acquired on July 14, 2021 for consideration of 21,000,000common shares of the Company (the “Surplus Escrow Shares”) thatwere subject to a TSX Venture Exchange (“TSXV”) Surplus EscrowShare Agreement (the “Escrow Agreement”).
The Company has proceeded to abandon the CGI Claims asit was unable to reach an agreement with the original vendors toreturn the CGI Claims to them. As detailed in the March 22, 2022 newsrelease, the abandonment of the CGI Claims results in a requirementunder the Escrow Agreement and the policies of the TSXV to cancel the18,900,000 Surplus Escrow Shares remaining in escrow. The Company willproceed to take such steps as are required to effect the cancellationof the remaining Surplus Escrow Shares.
About RT Minerals Corp.
RT Minerals Corp. is a junior exploration companylisted on the TSX Venture Exchange under the symbol “RTM” and has78,694,654 common shares issued and outstanding, of which 18,900,000shares are held in escrow and will now be subject to cancellation. TheCompany holds an option to acquire a 100% interest in theLink-Catharine RLDZ gold property comprised of fifteen unpatentedsingle cell mining claims with a total area of 220 hectares in oneclaim block. The Link-Catharine property is located twenty-twokilometres south-southeast of the town of Kirkland Lake, Ontario. TheCompany also holds a 100% interest in the Norwalk gold property nearWawa, Ontario.
For more information on the Company and its properties,please visit the Company’s website at www.rtmcorp.com .
FOR FURTHER INFORMATIONCONTACT:
Douglas J. Andrews, B.Sc., M.Sc.
President and Chief Executive Officer
Telephone: 403-200-6542
RT Minerals Corp.
Telephone: 604-681-3170 Fax:604-681-3552
Neither the TSX Venture Exchange norits Regulation Service Provider (as the term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy of accuracy of this news release.
Forward-Looking Statements
This news release contains certainforward-looking statements, which relate to future events or futureperformance (including, but not limited to, the overall size of theOffering, the proposed use of proceeds and the expected closing of anytranches thereof) and reflect management’s current expectations andassumptions. Such forward-looking statements reflect management’scurrent beliefs and are based on assumptions made by and informationcurrently available to the Company. Readers are cautioned that theseforward-looking statements are neither promises nor guarantees, andare subject to risks and uncertainties that may cause future results to differ materiallyfrom those expected including, but not limited to, market conditions,availability of financing, actual results of the Company’sexploration and other activities, environmental risks, future metalprices, operating risks, accidents, labor issues, delays in obtaininggovernmental approvals and permits, and other risks in the miningindustry. All the forward-looking statements made in this newsrelease are qualified by these cautionary statements and those in ourcontinuous disclosure filings available on SEDAR at www.sedar.com.These forward-looking statements are made as of the date hereof andthe Company does not assume any obligation to update or revise them toreflect new events or circumstances save as required by applicablelaw.
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