Rt Minerals Corp. Announces $400,000 Private Placement and Drill Mobilization at Norwalk Property, Wawa, Ontario
300 - 555 W est Ge eorgia St reet, Randall Buildi ng, Vancouver r, BC V6B 1Z6 T (604)68 81-3170, F (60 04)681-3552, I N N F O@ R T M C O R P.
. C O M W W W . R T M C O R P. C O M
NEW WS RELEASE
RT MINERALS COR RP. ANNOUNC CES $400,000 0 PRIVATE PLA ACEMENT AN ND DRILL MO OBILIZATION A AT NOR RWALK PROP PERTY, WAW WA, ONTARIO
Vancouve er, B.C. – De ecember 12,
, 2017 ‐ RT Minerals Co orp. (TSX.V: R RTM) (OTC P Pink: RTMFF) ) (the oss proceeds of up “Company y”) announce es that it prop poses to unde ertake a priva ate placemen nt to raise gro 0,000 through the sale of up to to $400,0 000 (the “Offe ering”). The C Company pro oposes to rais se up to $200 00 through the sale 4,000,000 0 non flow‐through units p priced at $0.0 05 (the “NFT U Units”) and u up to $200,00 t $0.05 (the “FT Units”). Each NFT Un of up to 4 4,000,000 flo ow‐through units priced at nit consists o of one common share and on ne share purc chase warran nt (the “Warr rant”) exercis sable into one e further com mmon share at a a price of $0.05 for a term m of one yea ar. Each FT Unit consists s of one flow w‐through com mmon share and d one half of a share purchase warrant t, with each w whole Warra ant exercisabl le into one fu urther common share at a pri ice of $0.06 fo or a term of o one year.
The Offering will be conducted u under availab ble exemptio ons from the e prospectus s requiremen nts of applicable e securities legislation a and participation in the e Offering w will be available to ex xisting sharehold ders in qualify ying jurisdictio ons in Canada in accordan nce with the p provisions of BC Instrumen nt 45‐ provisions in other jurisd 354 (the “Existing Sh hareholder Ex xemption”) a and similar p dictions’ secu urities legislation urisdictions i n and will be e available to
- persons in qualifying ju in Canada w who have obt tained
advice as s to the suita ability of the e investment from a pers son registere ed as an investment dea aler in accordanc ce with the p provisions of f BC Instrume ent 45‐536 and similar pr rovisions in o other jurisdic ctions’ securities legislation.
The Com r 12, 2017 as the record date for the purpos mpany has se et December se of determ mining sharehold ders entitled to participate in the Offe ering in relian nce on the Ex xisting Shareholder Exemption. Qualifying g shareholder rs who wish t to participate e in the Offering should co ontact the Co ompany as de etailed below. If the Offering is oversubscr ribed, units w will be allocate ed pro rata am mongst all subscribers.
The proce eeds from the sale of the flow‐through portion of the Offering will be used d for drilling o of the Red Carbo onate Zone (“RCZ”) locate ed on the Co ompany’s 100 0% optioned Norwalk gold d property lo ocated near Waw wa, Ontario, a as announced on Novemb ber 27, 2017
7. Drilling is e expected to commence o on the week and the initial prog RCZ this w gram will con nsist of up to
- 5 holes for r approximately 500 metr res of
drilling all l targeted on the RCZ.
The proce eeds from th he sale of the e non flow‐th hrough portio on of the Off fering will be e used for ge eneral working c capital.
A finder’s s and/or administrative fee of up to 10% may be paid to registered r representativ ves in Offering. The fee will be co d 50% common shares at $0.05 connectio on with the O omprised of 5 50% cash and per share.
The Offering is subject to the accep ptance of the TSX Venture Exchange.
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; and
Dog Lake Property – Gold property located 59 kilometres northeast of Wawa, Ontario, in which the Company owns a 100% interest, subject to a 2% net smelter royalty.
The Company's common shares are listed on the TSX Venture Exchange under the symbol "RTM" and on the OTC Pink Market under the symbol "RTMFF" with DTC eligibility for trading in the United States.
For more information on the Company and its properties, please visit the Company’s website at www.rtmcorp.com.
FOR FURTHER INFORMATION CONTACT:
Paul Antoniazzi President and Chief Executive Officer RT Minerals Corp.
Toll Free: 877‐581‐3170 Telephone: 604‐681‐3170 Fax: 604‐681‐3552
Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.