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Win at Mabilo sees RTG shares rise sharply

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.

Michael Quinn
RTG's Mabilo project in the Philippines

RTG'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. RTG said at the time of the raising that the...

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