Rathdowney Announces Update on Private Placement
Rathdowney Announces Update on Private
Placement
VANCOUVER, BC
,
Sept. 21, 2021
/CNW/ - Rathdowney Resources Ltd. ("Rathdowney" or the
"Company") (TSXV: RTH) announces further to its news release of
July 29, 2021
regarding plans to
complete a private placement, that the TSX Venture Exchange has granted the Company a 30-day
extension to close the financing. All other terms for the private placement remain the same.
Chairman
David J. Copeland
said "The Company has announced the first tranche of the financing
(see news release dated
August 6, 2021
), and there continues to be interest from a number of
mining investment groups that are undertaking additional due diligence."
Rathdowney 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
.
On behalf of the Board of Directors
David J. Copeland
, P.Eng.
Chairman
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This release includes certain statements that may be deemed "forward-looking statements". All
statements in this release, other than statements of historical facts, that address exploration drilling,
exploitation activities and events or developments that the Company expects, are forward looking
statements. Although the Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from those in the forward-
looking statements. Assumptions used by the Company to develop forward-looking statements
include the following: the Olza project will obtain all required environmental and other permits and all
land use and other licenses, studies and development of the Olza project will continue to be positive,
and no geological or technical problems will occur. Factors that could cause actual results to differ
materially from those in forward-looking statements include market prices, exploitation and
exploration successes, continuity of mineralization, potential environmental issues and liabilities
associated with exploration, development and mining activities, uncertainties related to the ability to
obtain necessary permits, licenses and title and delays due to third party opposition, changes in
government policies regarding mining and natural resource exploration and exploitation, continued
availability of capital and financing, and general economic, market or business conditions, as well as
risks relating to the uncertainties with respect to the effects of COVID-19. Investors are cautioned
that any such statements are not guarantees of future performance and actual results or
developments may differ materially from those projected in the forward-looking statements. For
more information on the Company, investors should review the Company's continuous disclosure
filings that are available at
www.sedar.com
.
SOURCE
Rathdowney Resources Ltd.
View original content:
http://www.newswire.ca/en/releases/archive/September2021/21/c8496.html
%SEDAR: 00029300E
For further information:
on Rathdowney and Project Olza, please visit
www.rathdowneyresources.com.
CO: Rathdowney Resources Ltd.
CNW 18:50e 21-SEP-21