Rt Minerals Corp. Announces Private Placement and Share Consolidation
300 - 555 W est Georgia Street, Randall Building, Vancouver, BC V6B 1Z6 T (604)681-3170, F (604)681-3552, I 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
NEWS RELEASE
RT MINERALS CORP. ANNOUNCES PRIVATE PLACEMENT AND SHARE CONSOLIDATION
Vancouver, B.C. – April 1, 2016 ‐ RT Minerals Corp. (TSX.V: RTM) (the “Company”) announces that it intends to consolidate its current issued and outstanding share capital on a 10 old for 1 new basis (the “Consolidation”). The Company also proposes to undertake a post‐Consolidation private placement of up to 4,000,000 flow‐through units (the “FT Units”) and up to a further 4,000,000 non flow‐through units (the “NFT Units”) to raise gross proceeds of up to $400,000 (the “Offering”). Each FT Unit and NFT Unit will be priced at $0.05 and will be comprised of a share and a share purchase warrant exercisable at $0.05 for a term of five years.
The proceeds from the sale of the FT Units will be used for exploration activity on the Company’s 100% owned, subject to retained royalty, Ballard Lake gold property, located in the Echum and Dolson Townships in the Sault Ste Marie Mining Division, Ontario. The proceeds from the sale of the NFT Units will be used for general working capital.
The Consolidation and the Offering are subject to the acceptance of the TSX Venture Exchange.
In addition to the Ballard Lake property, the Company also holds a 100% interest, subject to retained royalty, in the Golden Stock gold property in Cairo Township, Ontario, located several kilometers north east of the Young Davidson gold mine.
The Company has set May 27, 2016 as the date of its Annual General Meeting.
FOR FURTHER INFORMATION CONTACT:
Paul Antoniazzi President and Chief Executive Officer Tel: (604) 681‐3170 Fax: (604) 681‐3552 Website: www.rtmcorp.com __________________
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.