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Rathdowney announces private placement of up to $570,000
Rathdowney announces private placement of up to $570,000 Canada NewsWire VANCOUV...
About this update from Rathdowney Resources Ltd.
[{"type":"text","content":"\n\n\n\nRathdowney announces private placement of up to $570,000\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, June 9, 2017\n\n\n\nVANCOUVER, June 9, 2017 /CNW/ - Rathdowney Resources Ltd. (\"Rathdowney\" or the \"Company\") (TSXV: RTH) announces that it plans to complete a private placement of up to approximately 3,000,000 (\"Units\") of the Company at a price of $0.19 per Unit (the \"Issue Price\") for proceeds of up to approximately $570,000 (the \"Offering\").\n\nEach Unit shall consist of one common share in the capital of the Company (a \"Share\") and one common share purchase warrant (a \"Warrant\"). Each Warrant shall entitle the holder to purchase one additional Share (a \"Warrant Share\") at a price of $0.24 per Warrant Share for a period of two years from the date of closing of the Offering. Finders fees of up to 6% may be payable on a portion of the placement.\n\nThe Units, Shares and Warrant Shares will be subject to applicable resale restrictions, including a four month hold period from date of closing of the Offering under applicable Canadian securities laws. Completion of the Offering is subject to regulatory approval, including approval of the TSX Venture Exchange.\n\nProceeds will be used to advance Polish permitting activities and further refine mining engineering work to progress the Company's Olza zinc-lead-silver project towards feasibility and completion of permit licensing, as well as for general corporate working capital purposes.\n\nAbout Rathdowney and Project Olza\n\nRathdowney Resources Ltd. is focused on advancing Project Olza through permitting and into production. Project Olza is located in the Upper Silesian Mining District of southwestern Poland, a world-class region...