Vancouver, December 7, 2016 - RT Minerals Corp. (TSXV: RTM) (the "Company") announces that it proposes to undertake a private placement of up to 400 units (the "Units") to raise gross proceeds of up to $400,000 (the "Offering"). Each Unit will be priced at $1,000.00 and will be comprised of 7,500 flow-through common shares, 2,500 non flow-through common shares, and 10,000 share purchase warrants exercisable at $0.15 for a term of one year. The Unit pricing is equivalent to $0.10 per share and a whole warrant attached to each share that is exercisable into one further common share at a price of $0.15 for a term of one year.
The proceeds from the sale of the flow-through portion of the Offering will be used for exploration activity on the Company's 100% owned, subject to retained royalty, Ballard Lake diamond and gold property and 100% optioned Norwalk gold property, both located near Wawa, Ontario. Drilling on the Ballard Lake and Norwalk properties are expected to commence in January 2017. The proceeds from the sale of the non flow-through portion of the Offering will be used for general working capital.
A finder's and/or administrative fee of up to 10% may be paid to registered representatives in connection with the Offering. The fee will be comprised of 50% cash and 50% common shares at $0.10 per share.
The Offering is subject to the acceptance of the TSX Venture Exchange.
FOR FURTHER INFORMATION CONTACT:
RT Minerals Corp. Paul Antoniazzi, President and Chief Executive Officer Tel: (604) 681-3170 Fax: (604) 681-3552 Website: www.rtmcorp.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!
Vancouver, December 7, 2016 - RT Minerals Corp. (TSXV: RTM) (the "Company") announces that it proposes to undertake a private placement of up to 400 units (the "Units") to raise gross proceeds of up to $400,000 (the "Offering"). Each Unit will be priced at $1,000.00 and will be comprised of 7,500 flow-through common shares, 2,500 non flow-through common shares, and 10,000 share purchase warrants exercisable at $0.15 for a term of one year. The Unit pricing is equivalent to $0.10 per share and a whole warrant attached to each share that is exercisable into one further common share at a price of $0.15 for a term of one year.
