Business
RTG Mining Inc. Announces Sale of Non Core Assets For C$3.35M
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 Sale of Non Core Assets For C$3.35MAnnouncement 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 10, 2020 / The Board of RTG Mining Inc. (\"RTG\", the \"Company\") (TSX:RTG)(ASX:RTG) is pleased to announce that the Company has finalised agreements for the sale of its remaining interests in Thor Explorations Ltd (\"Thor\"), received in consideration for the sale of the Segilola Gold Project in Nigeria some years ago. RTG has sold its shareholding for a total consideration of C$2.45m and has agreed to sell the royalty for a further C$0.65m in cash and C$0.25m of shares in Vox Royalty Corp. (TSXV:VOX). Completion of the royalty transaction is anticipated in the 60 days following satisfaction of the notice period with Thor, with total consideration for the two transaction being C$3.35m.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: [email protected] ContactInvestor Relations - Jaime WellsTel: +1 970 640 0611Email: [email protected] STATEMENTDate: 10 July 2020Authorised for release by: By the Board of DirectorsCAUTIONARY NOTE STATEMENTThe Toronto Stock Exchange has not reviewed nor does it accept responsibility for the accuracy or adequacy of this press release, which has been prepared by management.This ann...