Business
RT Minerals Corp. Sells Norwalk Gold Property to Kingsview Minerals
(TheNewswire) Vancouver, B.C. – September 13, 2022 – RT Minerals Corp. ...
About this update from Rt Minerals Corp.
[{"type":"text","content":"RT Minerals Corp. Sells Norwalk Gold Property to Kingsview Minerals\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, B.C. – September 13,\n2022 – RT Minerals Corp. (TSXV:RTM) (OTC:RTMFF)\n \n \n (the “Company” or “RTM”) announces that it has\nentered into a purchase and sale agreement dated September 12, 2022\n(the “Agreement”) to sell its 100% interest in the Norwalk gold\nproperty (the “Property”) located near Wawa, Ontario to Kingsview\nMinerals Ltd. (“Kingsview”) for consideration of $50,000 and\n1,800,000 common shares of Kingsview (the “Transaction”).\n \n \n \n \n The Transaction is subject to the approval of the TSX\nVenture Exchange (“TSXV”) and the Canadian Securities Exchange\n(“CSE”).  Should the Transaction not receive TSXV approval by\nNovember 30, 2022, then the Company shall sell 49% interest in the\nProperty to Kingsview for consideration of $25,000 and 800,000 common\nshares of Kingsview, and the parties shall form a joint venture for\nexploration of the Property.\n \n \n \n \n All securities issued will be subject to a statutory\nhold period expiring four months and one day after closing of the\nTransaction.\n \n \n \n \n “The sale of Norwalk allows RTM to pursue other\nopportunities in the gold and battery metals space along with\nmaintaining a significant equity investment in continued exploration\nwithin the Wawa gold corridor,” stated Doug Andrews, B.Sc. M.Sc\nGeologist, Chief Executive Officer and Director of RT Minerals.\n \n \n \n \n About the Norwalk Project\n \n \n \n \n The Norwalk gold property is located approximately 6\nkilometres south of Wawa, Ontario.  It is comprised of 12 single cell\nclaims and 21 boundary cell claims, covering an area of 460 hectares\nand is subject to a 2% net smelter return royalty retained by the\noriginal property vendors. The eastern portion of the Property\ncontains 60+ untested near surface geophysical anomalies. An NI 43-101\nTechnical Report on the Norwalk property dated July 15, 2020 can be\nfound on\n \n \n \n \n www.sedar.com\n \n \n \n \n .\n \n \n \n \n About RT Minerals Corp.\n \n \n \n \n RT Minerals Corp. is a junior exploration company\nlisted on the TSX Venture Exchange unde...