Rathdowney Closes First Tranche of Private Placement
August 19 2016 - 8:17PM
PR Newswire (Canada)
VANCOUVER, Aug. 19, 2016 /CNW/ - Rathdowney Resources Ltd.
("Rathdowney" or the "Company") (TSXV: RTH) announces that it has
closed the first tranche of the unit ("Unit") private placement
announced previously on June 23, 2016
consisting of 7.19 million Units issued as part of the Company's
President's List for gross proceeds of $1.36
million. Each Unit consists of one common share in the
capital of the Company (a "Share") and one warrant (a
"Warrant"). Each Warrant entitles the holder to purchase one
additional Share at a price of $0.24
for a period of two years from the date of closing.
For further details on Rathdowney, please visit our website at
www.rathdowneyresources.com or contact investor services at
604-684-6365 or toll free (NA) at 1-800-667-2114.
On behalf of the Board of Directors
David Copeland
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.
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.
Copyright 2016 Canada NewsWire
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