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
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