Rt Minerals Corp. Announces Effective Date of Share Consolidation and Non-Brokered Private Placement
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RT MINERALS CORP. ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION
AND NON-BROKERED PRIVATE PLACEMENT
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
Vancouver, B.C. – March 15, 2023 – RT Minerals Corp. (TSXV: RTM) (OTC Pink: RTMFF) (the “Company”
or “RTM”) announces that effective at the opening of markets on March 17, 2023, the Company will
consolidate its common shares (the “Shares”) on the basis of one (1) post‐consolidated Share for every
ten (10) pre‐consolidated Shares held (the “Consolidation”). The new CUSIP number will be 74976W609
and the new ISIN number will be CA74976W 6099. The Company’s name and stock symbol will remain
unchanged following the Consolidation.
The Consolidation was approved by a resolution of the Board of Directors of the Company passed effective
February 3, 2023 and has received the approval of the TSX Venture Exchange (“TSXV”). No fractional
Shares will be issued under the Consolidation as fractional Shares will be rounded to the nearest whole
number. The Company currently has 60,044,654 common shares issued and outstanding and immediately
following the Consolidation will have approximately 6,004,465 common shares issued and outstanding.
Letters of transmittal with respect to the Consolidation will be mailed shortly to all registered shareholders
of the Company. All shareholders who submit a duly completed letter of transmittal along with their
respective share certificate(s) representing the pre-consolidated Shares to the Company’s transfer agent,
Computershare Investor Services Inc., will receive a share certificate or direct registration advice
representing the post-consolidated Shares.
Private Placement
The Company further announces that it proposes to undertake a non -brokered private placement (the
“Offering”) to raise gross proceeds of up to $750,000 through the sale of up to 10,000,000 units (each, a
“Unit”) of the Company at a price of $0.075 per Unit . Each Unit consists of one post -consolidation
common share and one-half of a share purchase warrant, with each whole warrant exercisable into one
further post-consolidation common share at a price of $0.10 for a term of two years.
The proceeds from the Offering will be used to pay trade payables , existing liabilities, exploration work
and for general working capital.
Finders’ fees may be paid in connection with the Offering in accordance with the policies of the TSXV. The
Offering is subject to the approval of the TSXV.
Directors and officers of the Company may acquire securities under the Offering, which will be considered
a "related party transaction" as defined under Multilateral Instrument 61 -101 ("MI 61 -101"). Such
participation is expected to b e exempt from the formal valuation and minority shareholder approval
requirements of MI 61-101.
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Mineral Property Update
Further to the Company’s news release dated Oct ober 27, 2022, t he Company has staked an additional
five claim blocks in the Timmins Township for a total of 21 claims forming the Timmins base metal property
located approximately 50 km southeast of Timmins, Ontario.
The Company corrects an errata in its news release of February 14, 2023. The Company announced that
it has acquired 91 mineral claims in the Case Batholith but the number of claims is 90.
The Company corrects an errata in its news release of March 2, 2023. The Company announced that it
has acquired 32 mineral claims in the Kenogaming and Pharand Townships but the number of claims is
38. The Company acquired 22 of the Kenogaming-Pharand claims directly by map staking and 16 of the
claims will be acquired pursuant to a broader propert y purchase agreement that was disclosed by news
release on February 28, 2023.
About RT Minerals Corp.
RT Minerals Corp. is a junior exploration company listed on the TSX Venture Exchange under the symbol
“RTM”. The Company holds a 100% interest in a portf olio of critical mineral, gold and base metal
properties in Ontario, including the Case Batholith group of properties prospective for lithium and cesium;
the Ireland property prospective for rare earth elements ; the Kenogaming, Pharand I and II properties
prospective for nickel, chromium and cobalt; the Milligan, Blakelock and McQuibban gold properties; and
the Timmins base metals property. The Company also holds an option to acquire a 100% interest in the
Link-Catharine RLDZ gold property located 22 km south-southeast of the town of Kirkland Lake, Ontario.
For more information on the Company and its properties, please visit the Company’s website at
www.rtmcorp.com.
FOR FURTHER INFORMATION CONTACT:
Douglas J. Andrews, B.Sc., M.Sc.
President and Chief Executive Officer
Telephone: 403-200-6542
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 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, a ccidents, labor issues, delays in obtaining governmental approvals and
permits, and other risks in the mining industry. All the forward -looking statements made in this news
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release are qualified by these cautionary statements and those in our continuous d isclosure 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 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.