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RT Minerals Corp. Announces Effective Date of Share Consolidation and Non-Brokered Private Placement
(TheNewswire) Vancouver, B.C. – TheNewswire - March 15, 2023 – RT Min...
About this update from Rt Minerals Corp.
[{"type":"text","content":"RT Minerals Corp. Announces Effective Date of Share Consolidation and Non-Brokered Private Placement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, B.C. –\n \n \n TheNewswire -\n \n \n March 15, 2023 – RT Minerals Corp.\n(TSXV:RTM) (OTC:RTMFF)\n \n \n (the “Company” or\n“RTM”)\n \n announces that effective at the opening of markets\non March 17, 2023, the Company will consolidate its common shares (the\n“Shares”) on the basis of one (1) post‐consolidated Share for\nevery ten (10) pre‐consolidated Shares held (the\n“Consolidation”).  The new CUSIP number will be 74976W609 and the\nnew ISIN number will be CA74976W6099.  The Company’s name and stock\nsymbol will remain unchanged following the Consolidation.\n \n \n The Consolidation was approved by a resolution of the Board of\nDirectors of the Company passed effective February 3, 2023 and has\nreceived the approval of the TSX Venture Exchange (“TSXV”).  No\nfractional Shares will be issued under the Consolidation as fractional\nShares will be rounded to the nearest whole number.  The Company\ncurrently has 60,044,654 common shares issued and outstanding and\nimmediately following the Consolidation will have approximately\n6,004,465 common shares issued and outstanding.\n \n \n Letters of transmittal with respect to the Consolidation will be\nmailed shortly to all registered shareholders of the Company.  All\nshareholders who submit a duly completed letter of transmittal along\nwith their respective share certificate(s) representing the\npre-consolidated Shares to the Company’s transfer agent,\nComputershare Investor Services Inc., will receive a share certificate\nor direct registration advice representing the post-consolidated\nShares.\n \n \n \n Private Placement\n \n \n \n The Company further announces that it proposes to undertake a\nnon-brokered private placement (the “Offering”) to raise gross\nproceeds of up to $750,000 through the sale of up to 10,000,000 units\n(each, a “Unit”) of the Company at a price of $0.075 per Unit.\n Each Unit consists of one post-consolidation common share and\none-half of a share purchase warrant, with each whole warrant\nexercisable into one ...