RT Minerals Corp. Announces Closing of Non-Brokered Private Placement of Common Shares and Director Appointment

About this update from Rt Minerals Corp.

[{"type":"text","content":"RT Minerals Corp. Announces Closing of Non-Brokered Private Placement of Common Shares and Director Appointment\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n NOT FOR DISTRIBUTION TO UNITED STATES\nNEWS WIRE SERVICES\n \n \n \n \n OR FOR DISSEMINATION IN THE UNITED\nSTATES\n \n \n \n \n Vancouver, B.C. –\n \n \n TheNewswire --\n \n \n February 21, 2024 – RT Minerals\nCorp.\n \n (TSXV:RTM) (OTC:RTMFF) (the “\n \n Compan\n \n y” or “\n \n RTM\n \n ”)\n \n is pleased to\nannounce, further to its news release of January 19, 2024, that the\nCompany has closed a non-brokered private placement of\n \n \n \n \n 9,999,999\n \n \n common shares of the Company (the “\n \n \n Shares\n \n \n ”) at $0.03\nper Share for gross proceeds of $300,000 (the “\n \n \n Offering\n \n \n ”).\n \n \n \n \n \n \n All securities issued in\nconnection with the Offering are subject to a statutory hold period of\nfour months plus a day in accordance with applicable securities\nlegislation ending on June 21\n \n \n , 2024\n \n \n .\n \n \n \n \n No finders’ fees were paid in connection with this\nPrivate Placement. No insiders of the Company participated in the\nOffering.\n \n \n \n \n USE OF PROCEEDS\n \n \n \n The Company intends to use approximately $89,442 to pay its current\naccounts payable and accrued liabilities to arms length contractors\nand service providers including transfer agent, legal, miscellaneous\nadministrative costs, field reconnaissance and drilling costs.\n \n \n \n Within the subsequent six months from the closing of\nthe Offering, the Company intends to make the following payments to\narms’ length parties and vendors:\n \n \n \n \n \n \n up to $12,000 for field contractors and related report;\n \n \n \n \n \n \n up to\n \n \n $4,200 for mineral claim\npayments to the Province of Ontario;\n \n \n \n \n \n \n $1,493 in interest expenses and bank charges;\n \n \n \n \n \n \n $2,009 corporate consulting and expenses;\n \n \n \n \n \n \n $34,000 to the Company’s Auditors for 2023 Audited\nFinancial Statements and tax consultant;\n \n \n \n \n \n \n $6,000 in legal fees;\n \n \n \n \n \n \n $6,300 in transfer agent, overhead office expenses,\ntelephone and website;\n \n \n \n \n \n \n up to $30,000 allocated for future public r...

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