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RT Minerals Corp. Receives Conditional TSX Venture Exchange Approval to Proceed with Acquisition of Catharine Gold Inc.; Resumption of Trading Expected April 5, 2021
Vancouver, British Columbia--(Newsfile Corp. - March 31, 2021) - RT Minerals Corp. (TSXV: RTM)...
About this update from Rt Minerals Corp.
[{"type":"text","content":"RT Minerals Corp. Receives Conditional TSX Venture Exchange Approval to Proceed with Acquisition of Catharine Gold Inc.; Resumption of Trading Expected April 5, 2021Vancouver, British Columbia--(Newsfile Corp. - March 31, 2021) - RT Minerals Corp. (TSXV: RTM) (OTC: RTMFF) (the \"Company\" or \"RT Minerals\" or \"RTM\") is pleased to announce that it has received conditional approval (the \"Conditional Approval\") from the TSX Venture Exchange (the \"TSXV\") for the acquisition of all of the outstanding common shares of Catharine Gold Inc. (\"Catharine Gold\") for consideration of 21,000,000 common shares of the Company to be subject to a multi-year escrow release under a Tier 2 Escrow Surplus Agreement (the \"Transaction\").Having received Conditional Approval, RT Minerals anticipates its common shares will resume trading on April 5, 2021.Acquisition of Catharine Gold Inc.The Transaction was initially announced on March 24, 2021 under the news release titled \"RT Minerals Corp. (\"RTM\") to Acquire 100 Square Kilometres of Mineral Claims Contiguous to Link-Catharine RLDZ Property, Ontario, by Acquisition of Catharine Gold Inc. Resulting in Change of Control of RTM\".Catharine Gold is a privately-held exploration company based in Vancouver, British Columbia which owns the mineral rights to approximately 100 square kilometres (24,536 acres) of mineral properties which commence contiguous to the border of RTM's Link-Catharine property and which extend throughout six townships in northern Ontario, Canada. Figure One: Map of the License Holdings of RT Minerals Corp. and Catharine Gold Inc., respectivelyTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/4882/79107_fd1f51fbd486f809_001full.jpgThe mineral properties controlled by Catharine Gold are situated approximately 22 km southeast of Kirkland Lake, Ontario and extend intermittently and generally south, east and northeast immediately from RTM's current Link-Catharine property boundary for up to about 20 km, as well as ranging between 7 kms to 21 km south of the Cadillac Larder Lake Break (\"CLLB\"). The Catharine Gold property holdings are host to a large area covering a southwestern section of the prospective Abitibi greenstone belt south and sub-parallel to the CLLB.The Transaction is subject to the satisfaction of the conditions set o...