RTG Mining Inc. Secures A$19.5 Million in Institutional Placement

RTG Mining Inc. has announced a successful institutional placement, raising approximately A$19.5 million. This capital injection comes from strong backing by institutional investors, both existing and new. The placement is divided into two tranches, aimed at supporting the advancement of the Mabilo Project toward operational start-up.

The strategic financing follows RTG's partnership with Glencore International AG, which provides a US$30 million facility for the Mabilo Project's Stage 1. The funds will bolster RTG's balance sheet and assist in developing other projects, including continued exploration at Mabilo.

Approximately 783 million new securities will be issued, priced at A$0.025 each. The initiative is set to foster RTG's growth, facilitating further exploration and potential business development, notably at the Panguna Project in Bougainville.