VANCOUVER, Aug. 9, 2018 /CNW/ - Rathdowney Resources Ltd.
("Rathdowney" or the "Company") (TSX‐V: RTH) announces that the
Company is proposing to extend the expiry date of a total of
7,190,000 outstanding share purchase warrants, all of which are
exercisable at $0.24 per share
(collectively, the "Warrants"). The Warrants were issued on
August 11, 2016 pursuant to a unit
private placement. The new expiry date of the Warrants will be
February 11, 2019. The exercise price
of the Warrants will remain unchanged. The Warrant extension is
subject to the approval of the TSX Venture Exchange.
About Rathdowney and Project Olza
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, a world-class region in size of
Mississippi Valley-type deposits with well-developed mining
infrastructure. Easily accessible by paved roads, 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
ZGHB smelter and to ports on the Baltic Sea, with access to
smelters in the rest of Europe.
Rathdowney is committed to responsible mineral exploration and
development as presented through our local Project Olza community
team, which provide updates on activities and potential
opportunities to local communities, and governments at all
levels.
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.
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. 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.