RATHDOWNEY: ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT FINANCING

Rathdowney Resources Ltd. (RTH) announced the closing of the first tranche of a non-brokered private placement, issuing 18,100,000 common shares at a price of C$0.025 per share. The transaction generated gross proceeds of $452,500, with the issued shares subject to a four-month and one-day hold period under Canadian securities rules.
The company stated that the proceeds will be utilized to fund expenditures for the Project Olza zinc-lead-silver project in Poland, as well as for working capital and general corporate purposes. The transaction was subject to customary closing conditions, including final TSX Venture Exchange approval. This announcement serves as a follow-up to the company's prior press release dated June 19, 2025, reaffirming the company's focus on advancing the Olza zinc-lead-silver project.