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RTG shares rise sharply on Mabilo licence

Seven days after RTG Mining said it was raising US$6 million in a “strongly supported” private placement, shares in the company more than doubled in response to it reporting its Mabilo project in the Philippines had been granted a mining licence.

RTG shares rise sharply on Mabilo licence RTG shares rise sharply on Mabilo licence RTG shares rise sharply on Mabilo licence RTG shares rise sharply on Mabilo licence RTG shares rise sharply on Mabilo licence

RTG Mining's Mabilo project in the Philippines

Shares set to be issued to undisclosed institutions and so-called sophisticated investors were priced at 5.7c in the fundraising hit an intra-day of 15c.

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