Mr. Andrew Ing reports
RATHDOWNEY: ANNOUNCES FINAL CLOSING OF PRIVATE PLACEMENT FINANCING
Rathdowney Resources Ltd., further to its news releases dated June 19, 2025, and June 26, 2026, has closed the final tranche of a non-brokered private placement, issuing 5.9 million common shares of the company at a price of 2.5 cents per common share for gross proceeds of $147,500.
The common shares issued are subject to applicable resale restrictions, including a hold period of four months and one day from the closing of the private placement under Canadian securities rules. The private placement is subject to customary closing conditions, including final TSX Venture Exchange approval.
Proceeds of the private placement will be used to finance expenditure related to the company's project Olza in Poland and for working capital and general corporate purposes.
Rathdowney is focused on advancing the Olza zinc-lead-silver project in Poland.
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