Rt Minerals Corp. Announces Private Placements with Lead Order from Palisades Goldcorp
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W W W. R T M C O R P. C O M
NEWS RELEASE
RT MINERALS CORP. ANNOUNCES PRIVATE PLACEMENTS WITH LEAD ORDER FROM
PALISADES GOLDCORP
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
Vancouver, B.C. – August 11, 2020 – RT Minerals Corp. (TSX.V: RTM) (OTC Pink: RTMFD) (the “Company”)
is pleased to announce that it proposes to undertake private placements to raise gross proceeds of up to
$1,015,000 (the “Offering”). The Company proposes to raise up to $ 700,000 through the sale of up to
14,000,000 non flow-through units priced at $0.05 (the “NFT Units”) and up to $315,000 through the sale
of up to 4,500,000 flow-through units priced at $0. 07 (the “FT Units”). Each NFT Unit consists of one
common share and one share purchase warrant (the “Warrant”) exercisable into one further common
share at a price of $0. 07 for a term of three years. Each FT Unit consists of one flow -through common
share and one half of one share purchase warrant, with each whole Warrant exercisable into one further
common share at a price of $0.08 for a term of three years.
The Offering will be conducted under available exemptions from the prospectus requirements of
applicable securities legislation and participation in the Offering will be available to existing shareholders
in qualifying jurisdictions in Canada in accordance with the provisions of BC Instrument 45 -354 (the
“Existing Shareholder Exemption”) and similar pr ovisions in other jurisdictions’ securities legislation and
will be available to persons in qualifying jurisdictions in Canada who have obtained advice as to the
suitability of the investment from a person registered as an investment dealer in accordance w ith the
provisions of BC Instrument 45-536 and similar provisions in other jurisdictions’ securities legislation.
The Company has set August 10, 2020 as the record date for the purpose of determining shareholders
entitled to participate in the Offering i n reliance on the Existing Shareholder Exemption. Qualifying
shareholders who wish to participate in the Offering should contact the Company as detailed below. If
the Offering is oversubscribed, units will be allocated pro rata amongst all subscribers.
The proceeds from the sale of the flow-through portion of the Offering will be used for exploration activity
on the Company’s 100% owned Norwalk gold property located near Wawa, Ontario, where drilling is
expected to commence in September 2020 subject to completion of the Offering. The proceeds from the
sale of the non flow-through portion of the Offering will be used for additional exploration work, project
acquisitions, payment of debt and trade payables and for general working capital.
Finders’ fees may be payable in connection with the Offering of 8% cash and 8% in warrants at $0.08 per
warrant and in accordance with the policies and subject to the approval of the TSX Venture Exchange
(“TSXV”).
The Offering is subject to the approval of the TSXV.
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About Palisades Goldcorp
Palisades Goldcorp is Canada’s new resource focused merchant bank. Palisades’ management team has a
demonstrated track record of making money and is backed by many of the Industry’s most notable
financiers. With junior resource compa nies equities valued at generational lows, management believes
the sector is on the cusp of a major bull market. Palisades is positioning itself with significant stakes in
undervalued companies and assets with the goal of generating superior returns.
For more information on the Company and its properties, please visit the Company’s website at
www.rtmcorp.com.
FOR FURTHER INFORMATION CONTACT:
Donald (Dan) M. Clark
Chairman, President and Chief Executive Officer
RT Minerals Corp.
Telephone: 604-681-3170
Fax: 604-681-3552
Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.
Forward-Looking Statements
This news release contains certain forward -looking statements, which relate to future events or future
performance (including, but not limited to, the overall size of the Offering, the proposed use of pr oceeds
and the expected closing of any tranches thereof) and reflect management’s current expectations and
assumptions. Such forward -looking statements reflect management’s current beliefs and are based on
assumptions made by and information currently avai lable to the Company. Readers are cautioned that
these forward -looking statements are neither promises nor guarantees, and are subject to risks and
uncertainties that may cause future results to differ materially from those expected including, but not
limited to, market conditions, availability of financing, actual results of the Company’s exploration and
other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in
obtaining governmental approvals and perm its, and other risks in the mining industry. All the forward -
looking statements made in this news release are qualified by these cautionary statements and those in
our continuous disclosure filings available on SEDAR at www.sedar.com. These forward -looking
statements are made as of the date hereof and the Company does not assume any obligation to update
or revise them to reflect new events or circumstances save as required by applicable law.
THIS NEWS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS N OT FOR DISTRIBUTION TO U.S.
NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER
TO SELL SECURITIES AND THE COMPANY IS NOT SOLICITING AN OFFER TO BUY THE SECURITIES DESCRIBED
HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF
1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED
STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.