|March 25, 2011|
Rathdowney Retains Investor Relations Consultant, Grants Options
|March 25, 2011, Vancouver, BC - Rathdowney Resources Ltd. (TSX-V: RTH) (the "Company" or "Rathdowney") announces that it has retained Peter Grandich as investor relations consultant to the Company.|
Mr. Grandich is the founder of Grandich.com and Grandich Publications, LLC, and is editor of The Grandich Letter, which was first published in 1984. Mr. Grandich is based in New Jersey, USA and provides research, analysis, and investor relations services for certain of the companies featured in the articles appearing in his publications (each a "Featured Company"). A Featured Company pays fees to Mr. Grandich that include securities-based compensation.
Mr. Grandich will assist Rathdowney with the development and implementation of a public and investor relations and communications program, and provide ongoing assistance to the Company regarding the development and enhancement of the Company's public and market image.
Mr. Grandich has been engaged by the Company for a period of one year commencing March 15, 2011 and will be paid a monthly retainer of US $2,500. The Company will also issue Mr. Grandich a total of 75,000 stock options, 50,000 of which were granted on March 15, 2011 at an exercise price of CAD $1.00 per common share. The remaining 25,000 stock options will be granted at a later date. The options are exercisable over the next 5 years, with one-third vesting six months from date of grant, one-third vesting 12 months from date of grant, and the final third vesting 18 months from date of grant.
The Company has also granted 315,300 options at an exercise price of CAD $1.00 per common share to directors and officers.
For further details on the Company, please visit www.rathdowneyresources.com or contact Susie Bell, Manager of Investor Relations, at (604) 684-6365 or within North America at 1-800-667-2114.
President & CEO