RATHDOWNEY CLARIFIES PRIVATE PLACEMENT AND DEBT SETTLEMENT

About this update from Rathdowney Resources Ltd.

RATHDOWNEY CLARIFIES PRIVATE PLACEMENT AND DEBT SETTLEMENT /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } .prngen2{ PADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 0pt initial; BORDER-RIGHT:black 0pt initial; BORDER-BOTTOM:black 0pt initial; BORDER-LEFT:black 0pt initial } .prnml4{ MARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT } .prnbcc{ BORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black } Canada NewsWire VANCOUVER, BC , Jan. 7, 2022 /CNW/ - Rathdowney Resources Ltd. ("Rathdowney" or the "Company") (TSXV: RTH) announces that it has completed the final tranche of its previously announced private placement ( July 29, 2021 ) by issuing 10,142,857 Units for gross proceeds of $355,000 . The Company has therefore in the aggregate issued a total of 38,964,853 Units and raised an aggregate total of $1,363,770 under the private placement. In addition, the Company has also completed a debt settlement of $500,000 as announced on December 31, 2021 , which together with the private placement represents a total amount of $1,863,769 . About Rathdowney and Project Olza Rathdowney Resources Ltd. is focused on advancing its Olza Zinc-Lead-Silver Project in Poland. Project Olza is in the Upper Silesian Mining District, a world-class region of Mississippi Valley-type deposits with well-developed mining infrastructure.  Easily accessible by road, the Olza project site is a one-hour drive from Krakow, a major city with full services, including an international airport.  The deposits at Olza are 25 km from the ZGH zinc smelter at Boleslaw. A railway line runs through the Olza project-area, linking it to the local facilities and to other smelters through ports on the Baltic Sea. A Preliminary Economic Assessment, announced in early 2015 indicates strong potential financial returns for a 6,000 tpd underground operation and conventional treatment facility, producing marketable zinc and lead concentrates [1] . Since that time, the Company has progressed the project with additional core drilling for geotechnical and resource information; exte...

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