MT. Labo WINS Setting Aside Application BY Galeo FOR the Final Award Issued BY the Singapore International Arbitration Centre Announcement to the Toronto Stock Exchange and Australian Securities Exchange
Not for release to US wire services or distribution in the United States
MT. LABO WINS SETTING ASIDE APPLICATION BY GALEO FOR THE FINAL
AWARD ISSUED BY THE SINGAPORE INTERNATIONAL ARBITRATION CENTRE
ANNOUNCEMENT TO THE TORONTO STOCK EXCHANGE
AND AUSTRALIAN SECURITIES EXCHANGE
22 NOVEMBER 2021
The Board of RTG Mining Inc. (“RTG”, the “Company”) (TSX Code: RTG, ASX Code: RTG)
is pleased to announce that Justice Patricia Bergin in the Singapore International
Commercial Court of the Republic of Singapore has dismissed Galeo Equipment
Corporation’s application to set aside the Final Award, issued by the Singapore
International Arbitration Centre in favour of Mt. Labo Exploration a nd Development
Corporation (“Mt. Labo”), in its entirety. Mt. Labo would like to thank Mr Davinder Singh SC
and his team for their assistance on this matter.
Her Honour also directed that the parties try to reach an agreement on costs , failing which
Her Honour will decide the question of costs after considering the parties’ submissions.
ABOUT RTG MINING INC
RTG Mining Inc. is a mining and exploration company listed on the main board of the
Toronto Stock Exchange and the Australian Securities Exchange. RTG is currently focused
primarily on progressing the Mabilo Project to start -up having recently received a mining
permit for the Project, with a view to moving quickly and safely to a producing gold and
copper company.
RTG also has a number of exciti ng new opportunities including the Panguna Project in
Bougainville, which it remains committed to but during these uncertain times the primary
focus is on advancing the Mabilo Project.
RTG has an experienced management team which has to date developed sev en mines in
five different countries, including being responsible for the development of the Masbate
Gold Mine in the Philippines through CGA Mining Limited. RTG has some of the most
respected international institutional investors as shareholders including Franklin
Templeton, Equinox Partners and Sun Valley.
ENQUIRIES
Australian Contact US Contact
President & CEO – Justine Magee Investor Relations – Jaime Wells
Tel: +61 8 6489 2900 +1 970 640 0611
Fax: +61 8 6489 2920
Email: [email protected] [email protected]
COMPLIANCE STATEMENT
Date: 22 November 2021
Authorised for release by: By the Board of Directors
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
The Toronto Stock Exchange has not reviewed nor does it accept responsibility for the
accuracy or adequacy of this press release, which has been prepared by management.
This announcement includes certa in “forward -looking statements” within the meaning of
Canadian securities legislation including, among others, statements made or implied
relating to the interpretation of exploration results, accuracy of mineral resource and
mineral reserve estimates, parameters and assumptions used to estimate mineral reserves
and mineral resources, realization of mineral reserve and mineral resource estimates,
estimated economic results of the Mabilo Project, future operational and financial results,
including estimated cashflow and the timing thereof, estimated expenditures, expansion,
exploration and development activities and the timing thereof, including expectations
regarding the DSO, plans for progressing Stage 2 development, completion of a debt
funding package, th e negotiation of contracts for start up works and offtake arrangements
and the completion of merged documentation, RTG’s objectives, strategies to achieve
those objectives, RTG’s beliefs, plans, estimates and intentions, and similar statements
concerning anticipated future events, results, circumstances, performance or expectations.
All statements, other than statements of historical fact, included herein, are forward-looking
statements. Forward looking statements generally can be identified by words such a s
“objective”, “may”, “will”, “expected”, “likely”, “intend”, “estimate”, “anticipate”, “believe”,
“should”, “plans”, or similar expressions suggesting future outcomes or events. Forward -
looking statements involve various risks and uncertainties and are ba sed on certain factors
and assumptions. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from those anticipated
in such statements. Important factors that could cause act ual results to differ materially
from RTG’s expectations include uncertainties related to fluctuations in gold and other
commodity prices and currency exchange rates; uncertainties relating to interpretation of
drill results and the geology, continuity and grade of mineral deposits; uncertainty of
estimates of capital and operating costs, recovery rates, production estimates and
estimated economic return; the need for cooperation of government agencies in the
development of RTG’s mineral projects; the need to obtain additional financing to develop
RTG’s mineral projects; the possibility of delay in development programs or in construction
projects and uncertainty of meeting anticipated program milestones for RTG’s mineral
projects and other risks and uncertainties as discussed in RTG’s annual report for the year
ended December 31, 2019 and detailed from time to time in our other filings with the
Canadian securities regulatory authorities available at www.sedar.com. The forward ‐
looking statements made in this a nnouncement relate only to events as of the date on
which the statements are made. RTG will not release publicly any revisions or updates to
these forward‐looking statements to reflect events, circumstances or unanticipated events
occurring after the date of this announcement except as required by law or by any
appropriate regulatory authority.
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES
This announcement has been prepared for publication in Canada and Australia and may
not be released to US wire services or distributed in the United States. This announcement
does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United
States or any other jurisdiction. Any securities described in this announcement have not
been, and will not be, registered under the US Securities Act of 1933, as amended (the
“US Securities Act”), or any state securities laws, and may not be offered or sold in the
United States except in transactions exempt from, or not subject to, registratio n under the
US Securities Act and applicable US state securities laws.