- RTG Mining (RTG) enters a trading halt while it undertakes a capital raise
- Currently, it is not known to the market how much the company is planning to raise or where the money will be spent
- Company shares will be paused until Friday, December 17, or when further details are released to the market, whichever one comes first
- RTG is a mining and exploration company and is focused on its Mabilo Project start up in the Phillipines
- On the market, RTG last traded at 12 cents per share
RTG Mining (RTG) has entered into a trading halt while it undertakes a capital raise.
So far, there is no details on how much the company is aiming to raise or where the funds will be spent.
Under the halt, company shares will be paused until Friday, December 17, or when further details are released to the market, whichever one comes first
RTG is a mining and exploration company and is focused on its Mabilo Project, located in the Philippines, start-up to become a gold producing company.
The company also has the Panguna Project, but the primary focus is on the Mabilo Project.
For Mabilo, RTG has secured a mining permit and a committed term sheet for the debt finance and off-take agreement for the development of stage one.
Cash at the end of the September quarter debt at $1.8 million.
On the market, RTG last traded at 12 cents per share.