Mr. Paul Antoniazzi reports
RT MINERALS CORP. PRIVATE PLACEMENT AND INVESTOR RELATIONS UPDATE
Further to
RT Minerals Corp.'s news release of Dec. 7, 2016, the proposed private placement offering is proceeding and is expected to close on or before Feb. 20, 2017. The offering is subject to the acceptance of the TSX Venture Exchange.
On Dec. 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 Mr. O'Brien and Mr. Walter and they will be the service providers for the company. MCMI provides capital markets counsel and support to small- to mid-capitalization companies listed on Canadian exchanges. It develops identities for start-ups and aids existing companies to access capital.
As compensation, the company has agreed to: (i) pay MCMI $4,000 per month for a minimum four-month term; (ii) pay an administration fee of 2.0 per cent for any financing that MCMI directly provides; and (iii) grant MCMI 200,000 stock options exercisable at 10 cents per share over a one-year term, subject to a 12-month vesting period. This agreement is subject to the acceptance of the TSX Venture Exchange.
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