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To: Rocket Red who wrote (261711)	9/11/2018 6:25:49 PM
From: cessnastreet	1 Recommendation Recommended By longz Read Replies (1) \| Respond to of 313687

Isn't RNX in the middle of selling the Beta Hunt mine? Who is the preferred bidder that will be picking up the motherload? What are they willing to pay? TORONTO, July 23, 2018 /CNW/ - RNC Minerals ("RNC") (TSX: RNX) is pleased to announce that the second phase of the Beta Hunt Mine sale process has been successfully completed, with the selection of a preferred bidder. RNC has granted exclusivity to this bidder to allow for completion of the final phase of the sale process (final due diligence, settlement of definitive documents, and all other steps related to the closing and completion of the transaction, which RNC expects will occur in August 2018). Mark Selby, President and CEO of RNC, commented, "With the expected completion of the sale of the Beta Hunt Mine, we look forward to focusing on the advancement of the Dumont Nickel-Cobalt Project, which contains the world's largest undeveloped reserves of nickel and second largest undeveloped reserves of cobalt." The sale process for RNC's 100% owned Beta Hunt Mine (announced March 22, 2018), is being led by financial advisors PCF Capital Group and Haywood Securities Inc. RNC notes that there can be no assurance that the sale process will result in a completed transaction or that, if a transaction is undertaken, as to final terms and timing.

To: Rocket Red who wrote (261711)	9/11/2018 6:31:33 PM
From: cessnastreet	1 Recommendation Recommended By Rocket Red Read Replies (1) \| Respond to of 313687

Got it - RNX has dumped preferred bidder and now pursuing a different strategy. "As a result of the discovery and related developments, RNC is no longer in exclusive discussions with a preferred bidder for Beta Hunt. “We’re going to look at all the alternatives in terms of whether we look to raise capital at the mine level, whether we look at spinning it out publicly, whether we look at joint venturing with another mining company – this allows all options to be on the table for us,” he said. RNC said it is the first owner of the Beta Hunt Mine to focus on deeper drilling in the Lunnon Basalt in its search for gold, and therefore the first owner to discover and mine gold from newly discovered coarse gold located entirely within the Lunnon Basalt."