Subject: RTM News Release
PDF Document
File: Attachment RT_Minerals_Closing_Document_v2.docx (2) (1) (2).pdf
RT MINERALS CORP. COMPLETES ACQUISITION OF THE ROGUE PROPERTY
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES
Vancouver, B.C. February 21, 2025 RT Minerals Corp. (TSXV: RTM) (OTC Pink: RTMFF)
(the "Company" or "RTM") is pleased to announce the successful completion of its acquisition of
100% of the issued and outstanding shares of 1502493 B.C. Ltd. (the "Transaction"), effective
January 13, 2025. With this acquisition, RT Minerals now indirectly holds a 100% interest in the
Rogue Property through its wholly-owned subsidiary, 1502493 B.C. Ltd.
The Rogue Property is located on the Baie Verte Peninsula in Western Newfoundland, an area
renowned for its high mineral exploration potential.
Under the terms of the definitive share exchange agreement (the "Definitive Agreement"),
which was circulated for signatures on October 21, 2024, and fully executed on November 18,
2024, between RT Minerals, 1502493 B.C. Ltd., and its shareholders, RT Minerals issued an
aggregate of 3.5 million common shares (the "Consideration Shares") in the capital of RT
Minerals. The Consideration Shares were issued at a deemed price of $0.10 per share on a pro
rata basis in exchange for all outstanding shares of 1502493 B.C. Ltd.
Transaction Details and Disclosures
Arm's Length Transaction: The transaction is considered an arm's length transaction
as none of the shareholders of 1502493 B.C. Ltd. are directors, of icers, or hold greater
than 10% of the shares of RT Minerals.
No Debt Assumed: RT Minerals did not assume any long-term debt as part of this
transaction.
No Finder's Fees: No finder's fees were paid in connection with this transaction.
No Change in Control: This transaction did not result in a change of control or the
creation of any new control persons.
The Consideration Shares were issued pursuant to the Take-Over Bid and Issuer Bid prospectus
exemption under Section 2.16 of National Instrument 45-106 Prospectus Exemptions and are
not subject to resale restrictions. All necessary regulatory approvals, including those from the
TSX Venture Exchange, and customary closing conditions were satisfied prior to the
completion
of the Transaction.
The Consideration Shares have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"), or any applicable state securities
laws. Consequently, these securities may not be of ered or sold in the United States unless
registered under the U.S. Securities Act and applicable state securities laws or pursuant to an
exemption from such registration requirements. This news release does not constitute an of er
to sell or the solicitation of an of er to buy any securities in any jurisdiction where such an of er
or solicitation would be unlawful.
About RT Minerals Corp.
RT Minerals Corp. is a junior exploration company listed on the TSX Venture Exchange under
the symbol RTM. The Company holds a diverse portfolio of assets with interests in rare earth
elements, gold, and base metals, located primarily in Ontario and Newfoundland, Canada. For
more information, please visit the Company's website at www.rtmcorp.com.
Forward-Looking Statements
This news release contains forward-looking statements, which relate to future events or
performance and reflect management's expectations and assumptions. Such statements are not
guarantees of future results and are subject to risks and uncertainties, including but not limited
to, market conditions, availability of financing, exploration results, environmental risks, metal
prices, regulatory approvals, and operational challenges. Readers are cautioned to review the
Company's continuous disclosure filings available on SEDAR at www.sedar.com for a detailed
discussion of these risks. The Company assumes no obligation to update or revise
forward-looking statements except as required by law.
Contact Information
Alson Niu
Director, RT Minerals Corp.
Phone: 778-751-6155
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
© 2026 Canjex Publishing Ltd. All rights reserved.