RTG Mining: Raises US$10m via private placement

RTG Mining Raises US$10m via private placement

• RTG Mining (RTG) has received commitments to raise US$10 million (A$14.09 million) through a private placement
• Institutional and sophisticated investors will be issued 158.4 million chess depositary instruments (CDIs) at 9 cents each
• RTG says the strong support received demonstrates the interest in the high-grade copper-gold-magnetite Mabilo project in the Philippines
• The funds will mainly support RTG’s associate company, Mt. Labo Exploration and Development Corporation, advance the Mabilo project towards start-up
• Company shares have ended the day down 16.7 per cent to trade at 10 cents