July 13, 2016 / 1:07 PM / a year ago

BRIEF-RTG Mining annoucnes proposed $12 mln brokered private placement

July 13 (Reuters) - RTG Mining Inc :

* RTG Mining Inc announces proposed US$12 million brokered private placement

* To raise about US$12 million in private placement at price of A$0.60/share to Australian and international institutional and investors

* RTG Mining Inc says net proceeds will be used to fund exploration and development of Mabilo project and exploration of Bunawan Project Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

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