RTG Mining Inc. Announces Closing of Tranche 2 of A$44M Placement Announcement to the Toronto Stock Exchange and Australian Stock Exchange
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
RELEASE IN THE UNITED STATES
RTG MINING INC. ANNOUNCES CLOSING OF TRANCHE 2 OF A$44M PLACEMENT
ANNOUNCEMENT TO THE TORONTO STOCK EXCHANGE
AND AUSTRALIAN STOCK EXCHANGE
3 MAY 2018
RTG Mining Inc. (TSX: RTG, ASX: RTG) (“ RTG” or the “ Company”) is pleased to
announce that it has successfully completed the issue of 286,217,476 Chess Depository
Instruments (“Securities”) at a price of A$0.14 per Security to Australian and international
institutional and sophisticated investors pursuant to Tranche 2 of the private placement
announced by the Company on February 27, 2018 (“Private Placement”).
Tranche 2 of the Private Placement raised proceeds of circa A$40.1 million (before costs).
A Notice of Meeting to approve Tranche 2 of the Private Placement was sent to
shareholders on March 22, 2018. Shareholders approved Tranche 2 at the Extraordinary
General Meeting on April 24, 2018 (“EGM”).
Hartleys Limited and Trump Securities LLC (“US Placement Agent ”) acted as Joint Lead
Managers to the Private Placement . After receiving shareholder approval at the EGM,
12,715,201 unlisted advisor options were issued to the US Placement Agent , exercisable
at A$0.14 and expiring on 3 May 2023.
ABOUT RTG MINING INC.
RTG Mining Inc. is a mining and exploration company listed on the main board of the
Toronto Stock Exchange and Australian Securities Exchange Limited. RTG is focused on
a proposal with a landowner lead consortium to secure an exploration licence at the high
tonnage copper -gold Panguna Project in Bougainville PNG and the high grade
copper/gold/magnetite Mabilo Project in the Philippines , while also identifying major new
projects which will allow the Company to move quickly and safely to production.
RTG has an experienced management team which has to date developed seven mines in
five different countries, including being responsible for t he development of the Masbate
Gold Mine in the Philippines through CGA Mining Limited, and has B2Gold as one of its
major shareholders in the Company. B2Gold is a member of both the S&P/TSX Global
Gold and Global Mining Indices.
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]
CAUTIONARY NOTE STATEMENT
This announcement includes certain “forward-looking statements” within the meaning
of Canadian and applicable securities legislation. Statements made or implied relating
to the Private Placement and the anticipated closing thereof, the Company's
objectives, strategies to achieve those objectives, the Company's beliefs, plans,
estimates and intentions, and similar statements concernin g anticipated future events,
interpretation of explorat ion results, plans for further exploration and accuracy of
mineral resource and mineral reserve estimates and related assumptions and inherent
operating risks, are forward- looking statements. Forward- looking statements involve
various risks and uncertainti es and are based 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 actual results to differ materially from
RTG’s expectations include uncertainties related to market conditions and demand for
the Private Placement, the receipt of requisite shareholder and regulatory approvals,
fluctuations in gold and other com modity 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 disclosed under the heading “ Risk Factors” in RTG’s
Annual Information Form for the year ended 31 December 2016 filed with the
Canadian securities regulatory authorities on the SEDAR website at sedar.com. The
forward‐looking statements made in this announcement relate only to events as of the
date on which the statements are made. RTG will not release publicly any revisi ons 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 or distributed in the United States. This announcement does not
constitute an offer to sell, or a solicitation of an offer to buy, sec urities 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, registration
under the US Securities Act and applicable US state securities laws.