Rt Minerals Corp. Closes $1.1 Million Private Placement
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W W W. R T M C O R P. C O M
NEWS RELEASE
RT MINERALS CORP. CLOSES $1.1 MILLION PRIVATE PLACEMENT
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
Vancouver, B.C. – September 1, 2020 – RT Minerals Corp. (TSX.V: RTM) (OTC Pink: RTMF D) (the
“Company”) is pleased to announce that further to its news releases of August 11, 2020 and August 21,
2020, the Company has completed a non -brokered private placement to raise gross proceeds of
$1,115,905 (the “Offering”). The Company raised $700,000 through the sale of 14,000,000 n on flow-
through units priced at $0. 05 (the “NFT Units”). Each NFT Unit consists of one common share and one
share purchase warrant exercisable into one further common share at a price of $0.07 for a term of three
years. The Company raised an additional $415,905 through the sale of 5,941,500 flow -through units
priced at $0.07 (the “FT Units”). 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 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. 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 of $73,200 (8% cash), an administrative fee of $2,801 and 1,365,720 share purchase warrants
(8% of the number of units sold) were paid on a portion of the Offering. The finder’s warrants are
exercisable at $0.08 per warrant for a term of three years.
Mark Lofthouse, a director of the Company, subscribed for 300,000 FT Units and Sandra Wong, the Chief
Financial Officer of the Company, subscribed for 150,000 FT Units. Mr. Lofthouse and Ms. Wong are each
considered a “related party” within the meaning of Multilateral Instrument 61-101 Protection of Minority
Security Holders in Special Transactions (“MI 61 -101”) and the Offering is therefore considered to be a
“related party transaction” within the meaning of MI 61-101. The Offering, however, is exempt from the
valuation requirement of MI 61-101 by virtue of the exemption contained in section 5.5(b) as the
Company’s shares are not listed on a specified market and from the minority shareholder approval
requirements of MI 61-101 by virtue of the exemption contained in section 5.7(b) of MI 61-101 in that the
fair market value of the consideration of the units issued to the related party did not exceed $2,500,000.
All securities issued are restricted from trading until January 2, 2021.
For more information on the Company and its properties, p lease visit the Company’s website at
www.rtmcorp.com.
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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 proceeds
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 available 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 permits, and other risks in the mining industry. All the f orward-
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 Co mpany 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 NOT 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.