RTMFF - RT Minerals Corp. Expands Private Placements
(TheNewswire)
Vancouver, B.C. - TheNewswire - September 22, 2021 - RT MineralsCorp. (TSXV:RTM) (OTC:RTMFF) (the “Company”) is pleased toannounce that it is expanding the private placements originallyannounced by news release on August 24, 2021 to now raise grossproceeds of up to $670,100 (the “Offering”). The Company proposesto raise gross proceeds of up to $160,000 through the sale of up to3,200,000 non-flow-through units priced at $0.05 (the “NFT Units”)and up to $510,100 through the sale of up to 8,501,667 flow-throughunits priced at $0.06 (the “FT Units”). Each NFT Unit consists ofone common share and one share purchase warrant exercisable into onefurther common share at a price of $0.06 for a term of two years. EachFT Unit consists of one flow-through common share and one sharepurchase warrant exercisable into one further common share at a priceof $0.06 for a term of two years.
The proceeds from the sale of the flow-through portion of the Offeringwill be used for exploration activity on the Company’s 100% optionedand/or owned Catharine Properties near Kirkland Lake, Ontario. Theproceeds from the sale of the non-flow-through portion of the Offeringwill be used to pay all contractual obligations owing by the Company,trade payables and for general working capital.
Finders’ fees of 8% cash and 8% warrants exercisable at $0.07 pershare for a two-year term may be paid in connectionwith the Offering. The Offering is subject to the approval of the TSXVenture Exchange.
About RT Minerals Corp.
RT Minerals Corp. is a junior exploration company listed on the TSXVenture Exchange under the symbol “RTM” and has 64,742,988 commonshares issued and outstanding, of which 19,950,000 shares are held inescrow 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 sq kmCatharine claim block. The above properties are located approximately22 km SSE of the Town of Kirkland Lake, Ontario. The Company alsoholds a 100% interest in the Norwalk gold 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:
Donald (Dan) M. Clark
Chairman, President and Chief Executive Officer
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.
THIS NEWS RELEASE, REQUIRED BYAPPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWSSERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOTCONSTITUTE AN OFFER TO SELL SECURITIES AND THE COMPANY IS NOTSOLICITING AN OFFER TO BUY THE SECURITIES DESCRIBED HEREIN. THESESECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIESACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BEOFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OREXEMPT THEREFROM.
NOT FOR DISTRIBUTION TO UNITED STATESNEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
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