Friday, January 20, 2017: RT MINERALS CORP. PRIVATE PLACEMENT AND INVESTOR RELATIONS UPDATE
Vancouver, B.C. – January 20, 2017 ‐ RT Minerals Corp. (TSX.V: RTM) (the “Company”) announces that further to its news release of December 7, 2016, the proposed private placement Offering is proceeding and is expected to close on or before February 20, 2017. The Offering is subject to the acceptance of the TSX Venture Exchange.
On December 5, 2016, the Company announced that it had retained the services of Mike O’Brien and John Walter to perform investor relations activities for the Company under the firm John Walter Communications Inc. The firm has been amended to Main Capital Markets Inc. (“MCMI”). MCMI is owned by Messrs. O’Brien and Walter and they will be the service providers for the Company. MCMI provides capital markets counsel and support to small to mid capitalisation companies listed on Canadian exchanges. They develop identities for start-ups or aid existing companies to access capital.
As compensation, the Company has agreed to pay MCMI $4,000 per month for a minimum four month term, an administration fee of 2.0% for any financing that MCMI directly provides, and grant MCMI 200,000 stock options exercisable at $0.10 per share over a one year term that are subject to a 12 month vesting period. This agreement is subject to the acceptance of the TSX Venture Exchange.
FOR FURTHER INFORMATION CONTACT:Paul Antoniazzi
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.
The Canadian National Stock Exchange has neither approved nor disapproved of the information contained herein.