RTM:CC - RT Minerals Corp. Closes $100000 Private Placement and Completes Nordica Property Acquisition
(TheNewswire)
Vancouver, B.C. – TheNewswire - June 28, 2023 – RT Minerals Corp.(TSXV:RTM) (OTC:RTMFF) (the “Company”) is pleased to announce thatfurther to its news release of June 13, 2023, the Company hascompleted a non-brokered private placement to raise gross proceeds of$100,000 (the “Offering”) through the sale of 1,000,000 unitspriced at $0.10 (the “Units”). Each Unit consists of one commonshare and one-half of a share purchase warrant, with each wholewarrant exercisable into one further common share at a price of $0.12for a term of twelve months. The proceeds from the Offering will beused for general working capital. All securities issued are restrictedfrom trading until October 29, 2023.
Further to the Company’s news release of May 10, 2023, the Companyhas completed the acquisition of 20 claim blocks in Nordica Township(the “Vendor Claims”) from an arm’s length vendor forconsideration of 300,000 common shares of the Company and a 2% NetSmelter Return (“NSR”) royalty on the Vendor Claims as well as anyclaims that the Company has acquired within a 2 km area of interestsurrounding the Vendor Claims, of which 0.8% NSR may be repurchased bythe Company for $2,500,000 cash at any time. All securities issued arerestricted from trading until October 29, 2023.
About RT Minerals Corp.
RT Minerals Corp. is a junior exploration company listed on the TSXVenture Exchange under the symbol “RTM”. The Company holds a 100%interest in a portfolio of critical mineral, gold and base metalproperties in Ontario, including the Case Batholith group ofproperties prospective for lithium and cesium; the Ireland and Kendreyproperties prospective for rare earth elements; the Nordica,Galna-Moody, Kenogaming, Pharand I and II properties prospective fornickel, chromium and cobalt; the Milligan, Blakelock and McQuibbangold properties; and the Timmins base metals property. The Companyalso holds an option to acquire a 100% interest in the Link-CatharineRLDZ gold property located 22 km south-southeast of the town ofKirkland Lake, 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 and reflect management’s current expectations andassumptions. Such forward-looking statements reflect management’scurrent beliefs and are based on assumptions made by and information currently available to theCompany. Readers are cautioned that these forward-looking statementsare neither promises nor guarantees, and are subject to risks anduncertainties that may cause future results to differ materially fromthose 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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