RTG Mining Inc. Announces Issue of US$2.8 Million Chess Depository Instruments Under Tranche 1 of 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 ISSUE OF US$2.8 MILLION CHESS DEPOSITORY
INSTRUMENTS UNDER TRANCHE 1 OF PLACEMENT
ANNOUNCEMENT TO THE TORONTO STOCK EXCHANGE
AND AUSTRALIAN STOCK EXCHANGE
9 March 2018
RTG Mining Inc. (TSX: RTG, ASX: RTG) (“ RTG” or the “ Company”) is pleased to
announce that it has successfully completed the issue of approximately 25,137,836 Chess
Depository Instruments (“ Securities”) at a price of A$0.14 per Security to Australian and
international institutional and sophisticated investors pursuant to Tranche 1 of the private
placement announced by the Company on 27 February 2018 (“ Private Placement ”).
Tranche 1 of the Private Placement raised proceeds of circa US$2.8 million (before costs).
Hartleys Limited and Trump Securities LLC acted as Joint Lead Managers to the Private
Placement. A Notice of Meeting to approve Tranche 2 of the Private Placement will be
sent to shareholders in due course.
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 P roject 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 w hich 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, and has B2Gold as one of its
major shareholders in the Company. B2Go ld 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]
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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 exploration results, plans for further exploration and accuracy of
mineral resource and mineral reserve estimates and related assumptions and inherent
operating ri sks, are forward -looking statements. 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 futur e 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 Placeme nt, 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 depos its; 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 fi nancing 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 t he 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 revisions or
updates to these forward ‐looking statements to reflect events, circumstances or
unanticipated events occurring after the date of this announcement ex cept 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 State s. 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 U S 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.