VANCOUVER, BC, June 11, 2020 /CNW/ - Rathdowney Resources
Ltd. ("Rathdowney" or the "Company") (TSXV: RTH) announces further
to its news release of April 21, 2020
regarding plans to complete a private placement, that the TSX
Venture Exchange has granted the Company a 30-day extension to
close the financing. The closing date will now be
July 5, 2020.
Chairman David J. Copeland said
"The Company has announced two tranches of the financing (see news
release dated May 1, 2020 and
May 26, 2020), and there continues to
be interest from a number of mining investment and operating 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, a world-class region in size of
Mississippi Valley-type deposits with well-developed mining
infrastructure. For further information on Rathdowney and
Project Olza, please visit www.rathdowneyresources.com.
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.