Listed: CNSX Shares Issued: 18,275,000
Symbol: RTM Stock Options: 300,000@$0.20
Warrants: 6,974,350@$0.084 Wt. Avg. Restricted Shares: 10,285,000
VANCOUVER, Nov. 4 /CNW/ - RT Minerals Corp. ("RTM" / the "Company") announces that on November 4, 2009, the Company closed a non-brokered private placement of $300,000 through the sale of 300 units at $1000 per unit (the "Units"). Insiders subscribed for 44 units of the offering representing 14.67% of the Units. Each unit consists of four thousand (4000) flow-through common shares at $0.20 per share and one thousand (2,000) non-flow-through common shares at $0.20 per share and two thousand five hundred non-flow-through non-transferable share purchase warrants, each warrant entitling the holder to acquire one common share of the Corporation for a period of 12 months following the closing date at a price of $0.25 per share.
Finder's Fees of $9,870 (7%) in cash and 49,350 (7%) in finder's warrants at .20 /share, exercisable over a one year period, were paid to two finders.
The securities issued in connection with the private placement are subject to a 4-month hold period.
Disclaimer: Some of the statements contained herein may be forward looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization, resources, exploration results, future plans and objectives are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ from those expressed or implied by such forward looking statements: changes in the world price of mineral commodities, market conditions, risks inherent in mineral exploration, development, construction, mining, profitability and the uncertainty of access to additional operating and exploration capital. We seek safe harbor.
SOURCE RT MINERALS CORP.
For further information: For further information: Jonathan Samuda, Director, (604) 681-3170, RT Minerals Corp., 515 - 701 West Georgia Street, Vancouver, BC, V7Y 1C6, Website: www.rtmcorp.com