RTG - Don't you love it when a stock is hot and an unexpected...

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CAS777

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08/12/17

09:53

Post #: 29476130
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Originally posted by mattyu2 ↑

RTG announcement. Increased stake in JV partner (Central) to 24%. Announcement below:

RTG INCREASES ITS INTEREST IN THE PANGUNA LANDOWNERS JOINT VENTURE PARTNER ANNOUNCEMENT TO THE TORONTO STOCK EXCHANGE AND AUSTRALIAN STOCK EXCHANGE 8 DECEMBER 2017 The Board of RTG Mining Inc. (“RTG”, “the Company”) (TSX Code: RTG, ASX Code: RTG) is pleased to announce that through a further direct investment and conversion of loans in Central Exploration Pty Ltd (“Central”), RTG has increased its interest in Central to 24%. Michael Carrick is now Chairman of Central and Justine Magee has also been appointed a director of Central. In addition one of RTG’s major shareholders (interests represented by Mr. Richard Hains, who also independently provided early stage funding to Central), has a 32% interest in Central. As announced previously, Central is the joint venture partner of the Special Mining Lease Osikaiyang Landowners Association (“SMLOLA”), being the owners of the minerals at the old Panguna Mine. The joint venture is held through Central Me’ekamui Exploration Limited who has applied for an exploration licence over the customary land of the SMLOLA members, being the old Panguna Mine. The SMLOLA has nominated RTG as their development partner for Panguna. The Autonomous Bougainville Government (“ABG”) is currently considering all exploration licence (“EL”) applications, including the purported EL renewal application of Bougainville Copper Limited. Both the SMLOLA and RTG are committed to working with the ABG to ensure both the ABG itself, and all Bougainvilleans benefit from any redevelopment of Panguna.

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RTG - Don't you love it when a stock is hot and an unexpected announcement pours some more oil on the fire I am was expecting a bit of FOMO on RTG today and Monday. This might kick accelerate things .

Last edited by CAS777: 08/12/17
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First 64 Last

RTG - Don't you love it when a stock is hot and an unexpected...

iTech Minerals flags high-grade rockchip finds, boasting one sample at +18% copper. What lies underground remains to be seen

Macro Metals picks up 80% in Firebird's manganese plays; mining services operations to launch if decision to mine passed

Arafura updates on total US$1B funding as export banks and lenders take notice; heading toward FID for Nolans

Pilot Energy awarded $6.5M in govt funding for Mid West Clean Energy Project

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RTG - Don't you love it when a stock is hot and an unexpected...

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iTech Minerals flags high-grade rockchip finds, boasting one sample at +18% copper. What lies underground remains to be seen

Macro Metals picks up 80% in Firebird's manganese plays; mining services operations to launch if decision to mine passed

Arafura updates on total US$1B funding as export banks and lenders take notice; heading toward FID for Nolans

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