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RATHDOWNEY: REPORTS ADDITIONAL INFORMATION ON PRIVATE PLACEMENT FINANCING

By The Northwire Desk — AI Analysis Jul 09, 2026 · 18:00 RTH · 0.035 Rathdowney Resources Ltd.
RTH · Price

Rathdowney Resources Ltd. (RTH) has issued an administrative notice providing additional details regarding its previously announced non-brokered private placement, specifically disclosing the participation of two insiders in the transaction. The company confirmed that Andrew Ing, an officer, and Lena Brommeland, a director and officer, subscribed for a combined total of 2,300,000 Common Shares under the private placement.

The issuances are classified as "related party transactions" under Multilateral Instrument 61-101 (MI 61-101). However, the company is exempt from MI 61-101 valuation requirements because its shares are not listed on a specified market. Additionally, the transactions are exempt from MI 61-101 minority shareholder approval requirements, as the fair market value of the consideration issued to each related party does not exceed 25% of the Company's market capitalization.

Specifically, Andrew Ing subscribed for 300,000 Common Shares, while Lena Brommeland subscribed for 2,000,000 Common Shares. This release supplements previous press releases issued on June 19, 2026, June 25, 2026, and July 3, 2026, concerning the non-brokered private placement.

Read the original news release →

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