Vancouver, B.C. – May 10, 2023 – RT Minerals Corp. (TSXV: RTM) (OTC Pink: RTMFF) (the “Company”) announces 12.5 million unit Private Placement.
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on April 4, 2023.
Number of units: 12.5 million units
Purchase price: six cents per unit
Warrant: 6.25 million share purchase warrants to purchase 6.25 million shares
Warrant purchase price: eight cents for one year from the date of issuance
Number of placees: 35 placees
Total existing insider involvement: 1.5 million (four insiders)
Total existing pro group involvement: 500,000 (two pro groups)
Finder’s fee: $23,898.4 cash and 356,640 warrants
Finder’s warrant terms: Each warrant entitles the holder to purchase one common share at the price of eight cents for a period of one year from the date of issuance.