News: RTG Mining To Acquire Priority Exploration Licence Applications For Stake In Mt Kare Project

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    Dec 10 (Reuters) - RTG Mining Inc RTG.TO :

    • RTG AGREES TO ACQUIRE PRIORITY EXPLORATION LICENCE APPLICATIONS FOR AN 80% STAKE IN 2.1M OZ MT KARE GOLD PROJECT
    • DEAL TERMS EQUATE TO A PURCHASE PRICE OF ABOUT US$8.80/ OUNCE OF GOLD IN TOTAL HISTORICAL MINERAL RESOURCE
    • DEAL ALSO TERMS EQUATE TO ADDITIONAL PAYMENT OF US$2.40/ OUNCE OF GOLD BASED UPON A DECISION A MINE
 
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