Rt Minerals Corp . Announces Closing of Non-Brokered Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, B.C. – September 13, 2024 – RT Minerals Corp. (TSXV: RTM) (OTC Pink: RTMFF) (the “Company” or “RTM”) is pleased to announce that the Company has closed its previously announced nonbrokered private placement of 5,380,731 units of the Company (the “Units”) at $0.09 per Unit for gross proceeds of $484,265.94 (the “Offering”).
Each Unit will consist of one common share and one common share purchase warrant. Each warrant will be exercisable into one common share at a price of $0.12 per warrant for 24 months from the date of issuance.
All securi�es issued in connec�on with the Offering are subject to a statutory hold period of four months plus a day in accordance with applicable securi�es legisla�on from the date of issuance.
USE OF PROCEEDS
The Company intends to use the proceeds from the financing for general working capital and the Company’s mineral proper�es.
The securi�es subject to the Offering have not, nor will they be registered under the United States Securi�es Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registra�on or an applicable exemp�on from the U.S. registra�on requirements. This news release shall not cons�tute an offer to sell or the solicita�on of an offer to buy nor shall there be any sale of the securi�es in the United States or in any other jurisdic�on in which such offer, solicita�on or sale would be unlawful.
About RT Minerals Corp. RTM is a junior explora�on company listed on the TSX Venture Exchange under the symbol “RTM”. The Company holds a 100% interest, largely royalty-free, in a por�olio of 12 rare earth element, gold and base metal proper�es in Ontario, Canada.
For more informa�on on the Company please visit the company’s website at www.rtmcorp.com.
On behalf of the Board and for further informa�on contact:
Alson Niu CEO and Director RT Minerals Corp.
Neither the TSX Venture Exchange nor its Regula�on 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. Forward-Looking Statements: This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management’s current expecta�ons and assump�ons. Such forward-looking statements reflect management’s current beliefs and are based on assump�ons made by and informa�on currently available to the Company. Readers are cau�oned that these forward- looking statements are neither promises nor guarantees, and are subject to risks and uncertain�es that may cause future results to differ materially from those expected including, but not limited to, market condi�ons, availability of financing, actual results of the Company’s explora�on and other ac�vi�es, environmental risks, future metal prices, opera�ng risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cau�onary statements and those in our con�nuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obliga�on to update or revise them to reflect new events or circumstances save as required by applicable law.