Business
RTG Mining Inc. Announces Issue of US$3.8 Million Chess Depository Instruments Under Tranche 2 of Placement
ANNOUNCEMENT TO THE TORONTO STOCK EXCHANGE AND AUSTRALIAN SECURITIES EXCHANGE Not for r...
About this update from Rtg Mining, Inc.
[{"type":"text","content":"RTG Mining Inc. Announces Issue of US$3.8 Million Chess Depository Instruments Under Tranche 2 of PlacementANNOUNCEMENT TO THE TORONTO STOCK EXCHANGE AND AUSTRALIAN SECURITIES EXCHANGENot for release to US wire services or distribution in the United StatesSUBIACO, WESTERN AUSTRALIA / ACCESSWIRE / July 15, 2020 / The Board of RTG Mining Inc. (\"RTG\", the \"Company\") (TSX Code:RTG, ASX Code:RTG) is pleased to announce that the Company has successfully completed the issue of 102,422,120 Chess Depository Instruments (\"Securities\") at a price of A$0.057 per Security to Australian and international institutional and sophisticated investors pursuant to Tranche 2 of the private placement announced by the Company on 22 May 2020 (\"Private Placement\").Tranche 2 of the Private Placement raised proceeds of circa US$3.8 million (before costs).A Notice of Meeting to approve Tranche 2 of the Private Placement was sent to shareholders on 9 June 2020. Shareholders approved Tranche 2 at the Annual General Meeting on 7 July 2020 (\"AGM\").Hartleys Limited, together with INTE Securities LLC, acted as Joint Lead Managers to the Private Placement. After receiving shareholder approval at the AGM, 6,806,612 unlisted advisor options have also been issued today to the US Placement Agent, exercisable at A$0.057 per Security and expiring on 15 July 2025.ABOUT RTG MINING INCRTG Mining Inc. is a mining and exploration company listed on the main board of the Toronto Stock Exchange and the Australian Securities Exchange. RTG is currently focused primarily on progressing the Mabilo Project to start-up having recently received a mining permit for the project, with a view to moving quickly and safely to a producing gold company.RTG also has a number of exciting new opportunities which it remains committed to but during these uncertain times the primary focus is on advancing the Mabilo Project.RTG has an experienced management team which has to date developed seven mines in five different countries, including being responsible for the development of the Masbate Gold Mine in the Philippines through CGA Mining Limited. RTG has some of the most respected international investors as shareholders including Franklin Templeton, Equinox Partners and Sun Valley.ENQUIRIESAustralian ContactPresident & CEO - Justine MageeTel: +61 8 6489 2900Fax: +61 8 6489 2920Email: ...