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RT MINERALS CORP. Abandons 102 Square Kilometres of Claims Near Kirkland Lake, Ontario
(TheNewswire) Vancouver, B.C. – TheNewswire - April 13, 2022 &...
About this update from Rt Minerals Corp.
[{"type":"text","content":"RT MINERALS CORP. Abandons 102 Square Kilometres of Claims Near Kirkland Lake, Ontario\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Vancouver, B.C. –\n \n \n TheNewswire -\n \n \n April 13, 2022 –\n \n \n RT Minerals Corp. (TSXV:RTM)\n(OTC:RTMFF)\n \n \n (the “Company” or “RTM”)\nannounces that further to the Company’s news release of March 22,\n2022, the Company has abandoned and returned to the Crown (MNDM-MLAS,\nOntario) the 102 square kilometres of claims (the “CGI Claims”)\noriginally acquired on July 14, 2021 for consideration of 21,000,000\ncommon shares of the Company (the “Surplus Escrow Shares”) that\nwere subject to a TSX Venture Exchange (“TSXV”) Surplus Escrow\nShare Agreement (the “Escrow Agreement”).\n \n \n \n \n The Company has proceeded to abandon the CGI Claims as\nit was unable to reach an agreement with the original vendors to\nreturn the CGI Claims to them. As detailed in the March 22, 2022 news\nrelease, the abandonment of the CGI Claims results in a requirement\nunder the Escrow Agreement and the policies of the TSXV to cancel the\n18,900,000 Surplus Escrow Shares remaining in escrow. The Company will\nproceed to take such steps as are required to effect the cancellation\nof the remaining Surplus Escrow Shares.\n \n \n \n \n About RT Minerals Corp.\n \n \n \n \n RT Minerals Corp. is a junior exploration company\nlisted on the TSX Venture Exchange under the symbol “RTM” and has\n78,694,654 common shares issued and outstanding, of which 18,900,000\nshares are held in escrow and will now be subject to cancellation. The\nCompany holds an option to acquire a 100% interest in the\nLink-Catharine RLDZ gold property comprised of fifteen unpatented\nsingle cell mining claims with a total area of 220 hectares in one\nclaim block. The Link-Catharine property is located twenty-two\nkilometres south-southeast of the town of Kirkland Lake, Ontario. The\nCompany also holds a 100% interest in the Norwalk gold property near\nWawa, Ontario.\n \n \n \n \n For more information on the Company and its properties,\nplease visit the Company’s website at\n \n \n \n www.rtmcorp.com\n \n \n \n .\n \n \n \n \n FOR FURTHER INFORMATION\nCONTACT:\n \n \n \n Douglas J. Andrews, B.Sc., M.Sc.\n \n \n \n Presiden...