RTG Mining: Raising $9.2M for Mabilo Project
- RTG Mining (RTG) has received commitments to raise US$6 million (A$9.2 million) via a private placement
- Approximately 162M Chess Depository Instruments will also issued to Australian and international institutional and sophisticated investors at a price of A$0.057 each
- This price represents a slight 1.7 per cent discount to RTG Mining’s last closing price of A$0.058
- Phase two will see the issue of 102,422,120 securities to raise the remaining US$3.8 million
- The money will also go towards pursuing new business development opportunities
- RTG Mining is up a steady 20.7 per cent and shares are trading for 7 cents each at 2:02 pm AEST