Business
RT Minerals Corp. Closes Financing
Vancouver, British Columbia--(Newsfile Corp. - December 22, 2017) - RT Minerals Corp. (TSXV: R...
About this update from Rt Minerals Corp.
[{"type":"text","content":"RT Minerals Corp. Closes FinancingVancouver, British Columbia--(Newsfile Corp. - December 22, 2017) - RT Minerals Corp. (TSXV: RTM) (OTC Pink: RTMFF) (the \"Company\") announces that, further to its news release of December 12, 2017, the Company has closed the non flow-through portion of a private placement to raise gross proceeds of $200,000 (the \"Offering\") through the sale of 4,000,000 non flow-through units priced at $0.05 (the \"NFT Units\"). Each NFT Unit consists of one common share and one share purchase warrant exercisable into one further common share at a price of $0.05 for a term of one year. Insiders purchased 1,945,000 NFT Units. All securities issued in the private placement are subject to a hold period expiring April 23, 2018. The proceeds from the sale of the non flow-through portion of the Offering will be used for general working capital.The Company anticipates that it will close the flow-through portion of the Offering on or before December 29, 2017.ABOUT RT MINERALS CORP.RT Minerals Corp. is a junior resource company engaged in the acquisition, exploration and evaluation of primarily gold and diamond properties in Canada. The Company's principal mineral properties include:Ballard Lake Property - 366 square kilometre (~141 square mile) diamond and gold property located approximately 50 kilometres northeast of Wawa, Ontario, in which the Company owns a 100% interest, subject to a 2% net smelter royalty; Norwalk Property - Gold property located approximately 6 kilometres south of Wawa, Ontario, in which the Company has an option to earn a 100% interest, subject to a 2% net smelter royalty. The property is contiguous to the southern border of Red Pine's Wawa Gold Project;Dill River Property - Gold property located several kilometres southeast of Wawa, Ontario, in which the Company has an option to earn a 100% interest, subject to a 2% net smelter royalty. The property is contiguous to the eastern border of Red Pine's Wawa Gold Project; Golden Reed Mine Property - Gold property located 6 kilometres southeast of Wawa, Ontario, in which the Company has an option to earn a 100% interest, subject to a 2% net smelter royalty. The property is staked within Red Pine's Wawa Gold Project; andDog Lake Property - Gold property located 59 kilometres northeast of Wawa, Ontario, in which the Company owns a 100% interest, sub...