Libra Fund II (Luxembourg) S.à r.l. Acquires Units of RT Minerals Corp. for Investment Purposes

TORONTO, Jan. 12 /CNW/ - Libra Advisors, LLC ("Libra") announced today that Libra Fund II (Luxembourg) S.à r.l. (the "Fund") has acquired a total of 6,250,000 units at a price of $0.16 per unit of RT Minerals Corp. ("RT Minerals") pursuant to private placements.

Each unit is comprised of one common share and one-half of a share purchase warrant (the "Warrant") in the capital of RT Minerals.

Each whole Warrant is exercisable into one common share at a price of $0.20 for a period of two years, expiring on December 30, 2012.

As a result of these acquisitions, the Fund now owns 6,250,000 common shares, representing approximately 8.95% of the total outstanding common shares of RT Minerals and 3,125,000 Warrants of RT Minerals that, if exercised, together represent approximately 12.85% of the total outstanding common shares of RT Minerals.

The Fund acquired the units for investment purposes and may, from time to time, acquire additional securities of RT Minerals or dispose of such securities as it may deem appropriate.

Libra is the investment advisor to the Fund and maintains its principal office at 777 Third Avenue, 27th Floor, New York, New York 10017.

SOURCE Libra Advisors, LLC

For further information:

please contact Mr. Ranjan Tandon, Managing Member, at (212) 350-5125

Profil de l'entreprise

Libra Advisors, LLC

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