RTG Mining Inc. Announces Issue of A$3.8 Million Chess Depository Instruments Under Tranche 2 of Private Placement Announcement to the Toronto Stock Exchange and Australian Securities Exchange
Not for release to US wire services or distribution in the United States
RTG MINING INC. ANNOUNCES ISSUE OF A$3.8 MILLION CHESS DEPOSITORY
INSTRUMENTS UNDER TRANCHE 2 OF PRIVATE PLACEMENT
ANNOUNCEMENT TO THE TORONTO STOCK EXCHANGE
AND AUSTRALIAN SECURITIES EXCHANGE
8 SEPTEMBER 2023
The Board of RTG Mining Inc. (“RTG”, the “Company”) (TSX Code: RTG, ASX Code:
RTG) is pleased to announce that it has successfully completed the issue of
81,037,020 Chess Depository Instruments (“ Securities”) at a price of A$0.048 per
Security to institutional and sophisticated investors under Tranche 2 of the private
placement announced by the Company on 4 July 2023 (“Private Placement”).
Tranche 2 of the Private Placement raised proceeds of circa A$3.8 million (before
costs).
In addition, the Company issued 193,286,828 free attaching unlisted options pursuant
to the Private Placement (“Attaching Options ”). Two (2) Attaching Options were
issued for every three (3) Securities issued , exercisable at 7.5c with a 12 month expiry
from the date of issue.
A Notice of Meeting to approve Tranche 2 of the Private Placement was sent to
shareholders on 2 August 2023. Sharehol ders approved Tranche 2 at the
Extraordinary General Meeting on 31 August 2013.
Euroz Hartleys and Foster Stockbroking , together with INTE Securities LLC and M2-
Advisors (the “Agents”), acted as Joint Lead Managers to the Private Placement.
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 now 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 exciting new opportunities including the Panguna Project in
Bougainville, which it remains committed to while also considering further new business
development opportunities.
RTG has an experienced management team which has to date developed seven 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
Justine Magee
President & CEO
Tel: +61 8 6489 2900
Email: [email protected]
Jaime Wells Sam Burns
US Investor Relations Contact Australia Investor and Media Contact
Tel: +1 970 640 0611 Tel: +61 400 164 067
Email: [email protected] Email: [email protected]
COMPLIANCE STATEMENT
Date: 8 September 2023
Authorised for release by: By the Board of Directors
CAUTIONARY NOTE STATEMENT
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 certain “forward -looking statemen ts” within the meaning of
Canadian securities legislation. All statements in this announcement, other than statements of
historical facts are forward -looking statements, including statements made or implied relating to
the anticipated timing, closing, size , structure of and exemptions utilized under the Private
Placement, the use of the net proceeds from the Private Placement, the timing of the
shareholder meeting to approve Tranche 2 of the Private Placement, the Company’s
opportunities to diversify its Ph ilippine interests and to participate in the redevelopment of the
Panguna Mine in Bougainville, the Company's objectives, strategies to achieve those objectives,
the Company's beliefs, plans, estimates and intentions, and similar statements concerning
anticipated future events, plans for further exploration. Forward -looking statements involve
various risks and uncertainties 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 th e Private Placement, the receipt of requisite
shareholder and regulatory approvals, 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 obt ain
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, 2022 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 announc ement 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 servic es 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, an d 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 or to or for the account
or benefit of a U.S. Person (as defined in Regul ation S under the US Securities Act), except in
transactions exempt from, or not subject to, registration under the US Securities Act and
applicable US state securities laws.