By Devika Patel
Knoxville, Tenn., Dec. 30 - RT Minerals Corp. said it plans a C$1.5 million private placement of units.
The company will sell 7.5 million units at C$0.20 apiece. Each unit consists of one common share and one warrant, with each two-year warrant exercisable at C$0.20. Of the units, 6 million will be issued as flow-through units.
Settlement is expected Dec. 31.
Proceeds will be used for exploration, development and working capital.
The mineral resource company is based in Vancouver, B.C.
| Issuer: | RT Minerals Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1.5 million
|
| Units: | 7.5 million
|
| Price: | C$0.20
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.20
|
| Pricing date: | Dec. 30
|
| Settlement date: | Dec. 31
|
| Stock symbol: | CNQ: RTM
|
| Stock price: | C$0.30 at close Dec. 30
|
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