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HomeFinTechRTG Mining: Raising $9.2M for Mabilo Project

RTG Mining: Raising $9.2M for Mabilo Project

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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

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