RTG Mining (ASX:RTG) completed the issue of 169.3 million Chess Depository Instruments at a price of AU$0.025 each to institutional and sophisticated investors who subscribed to its placement, according to a Wednesday filing with the Australian bourse.

This is the first tranche under the placement, raising AU$4.2 million. The issue of shares under the second tranche needs shareholders' approval at a general meeting in May.

Foster Stockbroking acted as lead manager and bookrunner to the placement.