Vancouver, B.C. – April 26, 2023 – RT Minerals Corp. (TSX.V: RTM) (OTC Pink: RTMFD) (the “Company” or “RTM”) announces that it has repriced the proposed non-brokered private placement originally announced on March 15, 2023. The Company now proposes to undertake a non-brokered private placement (the “Offering”) to raise gross proceeds of up to $750,000 through the sale of up to 12,500,000 units (each, a “Unit”) of the Company at a price of $0.06 per Unit. Each Unit consists of one common share and one-half of a share purchase warrant, with each whole warrant exercisable into one further common share at a price of $0.08 for a term of 12 months. The warrants will be transferrable, and all securities issued will be subject to a statutory hold period of four months and one day. The Units were
previously priced at $0.075 with a half warrant exercisable at $0.10 per share.
The proceeds from the Offering will be used to pay trade payables, existing liabilities, exploration work and for general working capital.
Finders’ fees may be paid in connection with the Offering in accordance with the policies of the TSXV. The Offering is subject to the approval of the TSXV.
Directors and officers of the Company may acquire securities under the Offering, which will be considered a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). Such participation is expected to be exempt from the formal valuation and minority shareholder approval
requirements of MI 61-101.
About RT Minerals Corp.
RT Minerals Corp. is a junior exploration company listed on the TSX Venture Exchange under the symbol “RTM”. The Company holds a 100% interest in a portfolio of critical mineral, gold and base metal properties in Ontario, including the Case Batholith group of properties prospective for lithium and cesium; the Ireland property prospective for rare earth elements; the Kenogaming, Pharand I and II properties prospective for nickel, chromium and cobalt; the Milligan, Blakelock and McQuibban gold properties; and the Timmins base metals property. The Company also holds an option to acquire a 100% interest in the Link-Catharine RLDZ gold property located 22 km south-southeast of the town of Kirkland Lake, Ontario.
For more information on the Company and its properties, please visit the Company’s website at
FOR FURTHER INFORMATION CONTACT:
Douglas J. Andrews, B.Sc., M.Sc.
President and Chief Executive Officer
RT Minerals Corp.
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.
This news release contains certain forward-looking statements, which relate to future events or future
performance and reflect management’s current expectations and assumptions. Such forward-looking
statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company’s exploration and other activities, environmental risks, future metal prices, operating 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 cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date here of and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.