RT Minerals Corp. Closes $750,000 Private Placement and Completes Case Batholith and Kenogaming-Pharand Property Acquisitions

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[{"type":"text","content":"RT Minerals Corp. Closes $750,000 Private Placement and Completes Case Batholith and Kenogaming-Pharand Property Acquisitions\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, BC –\n \n \n TheNewswire -\n \n \n April 26, 2023 -\n \n RT Minerals Corp.\n \n (TSX.V:RTM) (OTC:RTMFD)\n \n (the\n“\n \n Company\n \n ”) is pleased to\nannounce that further to its news release of April 4, 2023, the\nCompany has completed a non-brokered private placement to raise gross\nproceeds of $750,000 (the “Offering”) through the sale of\n12,500,000 units priced at $0.06 (the “Units”). Each Unit consists\nof one common share and one-half of a share purchase warrant, with\neach whole warrant exercisable into one further common share at a\nprice of $0.08 for a term of twelve months.\n \n \n The proceeds from the Offering will be used to pay trade payables,\nexisting liabilities, exploration work and for general working\ncapital. Finder’s fees of $20,918, a corporate finance fee of $2,500\nand 348,640 finder’s warrants exercisable at $0.08 per common share\nfor a 12 month period were paid on a portion of the Offering.  All\nsecurities issued are restricted from trading until August 27, 2023.\n \n \n Insiders of the Company purchased a total of 1,500,000 Units including\nDouglas Andrews, the President and CEO of the Company, who purchased\n1,000,000 units.  The participation by Insiders in the Offering\nconstitutes a “related party transaction” for the purposes of\nMultilateral Instrument 61-101, Protection of Minority Security\nHolders in Special Transactions.  The Company is relying upon\nexemptions from the requirement to obtain a formal valuation and seek\nminority shareholder approval for the Offering on the basis that the\nfair market value of the participation by related parties in the\nOffering is less than 25% of the Company’s current market\ncapitalization.\n \n \n Further to the Company’s news release of February 28, 2023, the\nCompany has completed the acquisition of 113 claim blocks within the\nboundaries of the Case Batholith in northern Ontario and 16 claim\nblocks in the Kenogaming and Pharand Townships pursuant to two\nseparate property acquisition agreements.\n \n \n In the first agreement, the Comp...

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