RTMFF - RT Minerals Corp. Announces Board and Officer Changes and Cancellation of November 30 2021 Shareholder Meeting
(TheNewswire)
Vancouver, B.C. - TheNewswire – November 2, 2021 – RTMinerals Corp. (TSXV:RTM) (OTC:RTMFF) (the “Company” or “RTM”)is pleased to announce the appointment of Mr. Douglas J. Andrews,BSc., MSc. as the President and Chief Executive Officer of theCompany, and the appointments of Mr. Gary Claytens and Mr. William S.Elston to the board of directors of the Company.
Mr. Claytens completed three years of Geology at the University ofBritish Columbia and received a B.A. in Economics in 1984,specializing in Resource Economics. He has been a member of ten publiccompanies and is a former registered representative with YorktonSecurities Inc. Most recently, Mr. Claytens was Senior VP and directorof Vanstar Mining Resources Inc. (“Vanstar”) and was a key personin the acquisition and advancement of the Nelligan gold property(“Nelligan”) in Central Quebec by Vanstar. Nelligan is now 75%owned and controlled by Iamgold Corporation and is reported to hosttotal resources of approximately 3.2 million ounces Au.
Mr. Elston has over 35 years of experience in the development andmanagement of public companies. He has been involved in the juniorresource sector for over 25 years. Recent resource relateddirectorships include Freeport Resources Inc. and Saturn Minerals (nowSaturn Oil and Gas Inc.).
Mr. Andrews is currently a director of the Company and he replaces Mr.Donald (Dan) M. Clark as President and CEO. Mr. Clark has resignedas Chairman, President, CEO and a director of the Company effectiveimmediately but will remain a consultant to the Company and itsexploration team on the Company’s Catharine gold properties locatednear Kirkland Lake, Ontario.
Lastly, Mr. Edmond Hatoum has resigned from the board of directors topursue other interests. The Company acknowledges and thanks Mr. Hatoumfor his many years of service to the Company.
Mr. Andrews stated, "I am very pleased to be taking on theposition as President and CEO of RT Minerals as the Company proceedsto advance its 102 square km of gold properties situated just south ofproperties owned and controlled by Kirkland Lake Gold, Agnico EagleMines Ltd. and Northstar Gold Corp. Our land holdings on this partof the Abitibi Greenstone Belt are highly prospective for gold andhistorically have been under explored. With the additions of Messrs.Claytens and Elston as directors and the continued support of Mr.Victor Cantore (President of Amex Exploration Inc. and Director ofVanstar) as Strategic Advisor and Mr. Clark as a consultant of theCompany, I feel RT Minerals has secured a solid management andconsultant team. I am also looking forward to working with our veryexperienced exploration team in Kirkland Lake, Ontario, as field workcommences on our property holdings. An update for current field workfor the Company’s Link-Catharine property will be forthcoming in thenext several days.”
NOVEMBER 30, 2021 SHAREHOLDERSMEETING CANCELLED
Further to the Company’s news release of August 20, 2021, theCompany advises that Ryan Kalt and Kalt Industries Ltd., the partieswho requisitioned the shareholders meeting (the "Meeting")seeking to replace the board of directors of the Company, have failedto provide complete information regarding the persons they proposed tonominate for election as directors (the "Nominees") requiredby the Company's advance notice policy (the "Policy") and asfurther detailed in the Company’s August 20, 2021 news release,within the required prescribed and practicable timelines.
As a result, and in accordance with the terms of the Policy, a copy ofwhich is filed on SEDAR, none of the Nominees are eligible forelection as directors at the Meeting nor is it practicable at thisdate for RTM to statutorily hold the Meeting. As the election of theNominees was the primary purpose of the Meeting, the Company will notproceed with the Meeting scheduled for November 30, 2021.
About RT Minerals Corp.
RT Minerals Corp. is a junior exploration company listed on the TSXVenture Exchange under the symbol “RTM” and has 78,694,654 commonshares issued and outstanding, of which 19.95 million shares are heldin escrow to be released over a three-year period ending July 14,2024. The Company holds an option to acquire a 100% interest in theLink-Catharine RLDZ gold property comprised of 15 unpatented singlecell mining claims with a total area of 220 hectares in one claimblock, which is contiguous to the Company’s 100% owned 102 squarekilometre Catharine claim block. These properties are locatedapproximately 22 kilometres south-southeast of the town of KirklandLake, Ontario. The Company also holds a 100% interest in the Norwalkgold property near Wawa, 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
President and Chief Executive Officer
Donald (Dan) M. Clark
Consultant
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 resultsto differ materially from those expected including, but not limitedto, market conditions, availability of financing, actual results ofthe Company’s exploration and other activities, environmental risks,future metal prices, operating risks, accidents, labor issues, delaysin obtaining governmental approvals and permits, and other risks inthe mining industry. All the forward-looking statements made in thisnews release are qualified by these cautionary statements and those inour continuous 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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