RTM - RT Minerals Corp. Reprices Non-Brokered Private Placement
(TheNewswire)
Vancouver, B.C. – TheNewswire - April 4, 2023 – RT Minerals Corp.(TSXV:RTM) (OTC: RTMFF) (the “Company” or“RTM”) announces that it has repriced the proposednon-brokered private placement originally announced on March 15, 2023. The Company now proposes to undertake a non-brokered privateplacement (the “Offering”) to raise gross proceeds of up to$750,000 through the sale of up to 12,500,000 units (each, a“Unit”) of the Company at a price of $0.06 per Unit. Each Unitconsists of one common share and one-half of a share purchase warrant,with each whole warrant exercisable into one further common share at aprice of $0.08 for a term of 12 months. The warrants will betransferrable, and all securities issued will be subject to astatutory hold period of four months and one day. The Units werepreviously priced at $0.075 with a half warrant exercisable at $0.10per share.
The proceeds from the Offering will be used to pay trade payables,existing liabilities, exploration work and for general workingcapital.
Finders’ fees may be paid in connection with the Offering inaccordance with the policies of the TSXV. The Offering is subject tothe approval of the TSXV.
Directors and officers of the Company may acquire securities under theOffering, which will be considered a "related partytransaction" as defined under Multilateral Instrument 61-101("MI 61-101"). Such participation is expected to be exemptfrom the formal valuation and minority shareholder approvalrequirements of MI 61-101.
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 propertyprospective for rare earth elements; the Kenogaming, Pharand I and IIproperties prospective for nickel, chromium and cobalt; the Milligan,Blakelock and McQuibban gold properties; and the Timmins base metalsproperty. The Company also holds an option to acquire a 100% interestin the Link-Catharine RLDZ gold property located 22 km south-southeastof the town of Kirkland Lake, Ontario.
For more information on the Company and its properties, please visitthe 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 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.
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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