|November 22, 2013|
Rathdowney announces CEO transition plan
|November 22, 2013, Vancouver, BC - Rathdowney Resources Ltd. ("Rathdowney" or the "Company") (TSXV: RTH), an exploration and development company focused on advancing the Olza zinc-lead-silver project in Poland through permitting and into production, announces that Mr. John Barry will step down as President and Chief Executive Officer, and as a director of the Company, on November 30, 2013. Mr. Barry will continue to serve as an advisor to the Company until the end of February 2014. Mr. David Copeland, Chairman of the Board, will assume the role of interim President and CEO.|
"My six years as CEO have brought me enormous satisfaction and pride, right from the Company's inception in Ireland in 2007. Since that time, we have progressed from sourcing the Olza project in the historic Upper Silesia district of Poland in 2010 and completing an IPO of Rathdowney in Canada in 2011 to today where we are at the permitting stage of this major zinc-lead-silver project," said Mr. Barry. "I am very proud to have worked with such a very talented and hardworking team with the full support of the Hunter Dickinson organization, our contractors and consultants. Together, we have brought this project from a concept, through exploration and the establishment of a substantial zinc-lead resource to what is one of the very few exciting zinc development projects at the cusp of the permitting stage. Now is the right time for me to step aside and for Rathdowney to bring in an executive with development experience to drive the permitting and development phase."
Chairman David Copeland commented "John is a visionary and has been an exceptional leader of the Company. He saw a rare opportunity to acquire a highly prospective project located in a world famous zinc-lead district at a time when metal prices had collapsed in 2008 and then successfully advanced the project to the permitting stage in what is, effectively, a brownfield setting. This is how to generate future value for our employees, shareholders and, in particular, the people living in the communities in the Project Olza area and in Poland as a whole. On behalf of Rathdowney and its Board of Directors, I would like to thank John for his leadership, contributions and commitment to the Company. We wish him every success."
Rathdowney Resources Ltd.'s principal business objective is finding and developing the next generation of zinc-lead-silver deposits. Rathdowney is associated with Hunter Dickinson Inc. ("HDI") a diversified, global mine development company with a 25-year history of mineral development success. From its head office in Vancouver, Canada, HDI applies its unique strengths and capabilities to acquire, develop, operate and monetize mineral properties that provide consistently superior returns to shareholders.
For further details on the Company and its projects, please visit www.rathdowneyresources.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.