VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 13, 2009) - RT Minerals Corp. ("RTM"/the "Company") (CNSX:RTM) announces that on August 12, 2009, it closed a non-brokered private placement of $250,000 through the sale of 5,000,000 units at $0.05 per unit. Insiders subscribed for 1,425,000 units of the offering. Each unit consists of one common share and one non-transferable share purchase warrant, each whole warrant entitling the holder to acquire one common share for a period of 12 months following the closing date at a price of $0.05.
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.
Shares Issued: 14,765,000
Stock Options: 335,000 @ $0.05
Warrants: 7,850,000 @ $0.07 Wt. Avg.
Restricted Shares: 8,950,000