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RT Minerals Corp. Closes $100,000 Private Placement and Completes Nordica Property Acquisition
(TheNewswire) Vancouver, B.C. – TheNewswire - June 28, 2023 – RT Mi...
About this update from Rt Minerals Corp.
[{"type":"text","content":"RT Minerals Corp. Closes $100,000 Private Placement and Completes Nordica Property Acquisition\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 June 28, 2023\n \n – RT Minerals Corp.\n(TSXV:RTM) (OTC:RTMFF) (the “Company”) is pleased to announce that\nfurther to its news release of June 13, 2023, the Company has\ncompleted a non-brokered private placement to raise gross proceeds of\n$100,000 (the “Offering”) through the sale of 1,000,000 units\npriced at $0.10 (the “Units”). Each Unit consists of one common\nshare and one-half of a share purchase warrant, with each whole\nwarrant exercisable into one further common share at a price of $0.12\nfor a term of twelve months.  The proceeds from the Offering will be\nused for general working capital. All securities issued are restricted\nfrom trading until October 29, 2023.\n \n \n Further to the Company’s news release of May 10, 2023, the Company\nhas completed the acquisition of 20 claim blocks in Nordica Township\n(the “Vendor Claims”) from an arm’s length vendor for\nconsideration of 300,000 common shares of the Company and a 2% Net\nSmelter Return (“NSR”) royalty on the Vendor Claims as well as any\nclaims that the Company has acquired within a 2 km area of interest\nsurrounding the Vendor Claims, of which 0.8% NSR may be repurchased by\nthe Company for $2,500,000 cash at any time. All securities issued are\nrestricted from trading until October 29, 2023.\n \n \n \n About RT Minerals Corp.\n \n \n \n RT Minerals Corp. is a junior exploration company listed on the TSX\nVenture Exchange under the symbol “RTM”. The Company holds a 100%\ninterest in a portfolio of critical mineral, gold and base metal\nproperties in Ontario, including the Case Batholith group of\nproperties prospective for lithium and cesium; the Ireland and Kendrey\nproperties prospective for rare earth elements; the Nordica,\nGalna-Moody, Kenogaming, Pharand I and II properties prospective for\nnickel, chromium and cobalt; the Milligan, Blakelock and McQuibban\ngold properties; and the Timmins base metals property. The Company\nalso holds an option to acquire a 100% interest in the Link-Catharine\nRLDZ gold property located 22 km s...