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RT Minerals Corp.: RT Minerals Corp. Announces a Private Placement

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  Published in Business and Finance on Monday, June 29th 2009 at 12:37 GMT, Last Modified on 2009-06-29 12:37:30 by Market Wire
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 29, 2009) - RT Minerals Corp. ("RTM" / the "Company") (CNSX:RTM) announces that it has arranged, subject to regulatory approval, a private placement of up to 5,000,000 units at $0.05 per unit for total gross proceeds of up to $250,000. Each unit will consist of one common share and one non-transferable share purchase warrant, each warrant exercisable into an additional common share for a period of one year at a price of $0.05 per share. Insiders of the Company will participate in approximately 3,000,000 units of the placement. The proceeds of the private placement will be used to retire approximately $85,000 worth of debt and for general working capital.

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.

Warrants: 2,850,000 @ $0.10 to $0.15

Shares Issued: 8,600,000

Stock Options: 340,000 @ $0.05

Restricted Shares: 3,450,000