Mr. Andrew Ing reports
RATHDOWNEY: ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT FINANCING
Further to the press release dated June 19, 2025, Rathdowney Resources Ltd. has closed the first tranche of a non-brokered private placement, issuing 18.1 million common shares of the company at a price of 2.5 cents per common share for gross proceeds of $452,500.
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.
We seek Safe Harbor.
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