RATHDOWNEY: REPORTS ADDITIONAL INFORMATION ON PRIVATE PLACEMENT FINANCING
- Jul 9
- 1 min read
July 9, 2026 Vancouver – Rathdowney Resources Ltd. (TSXV: RTH) ("Rathdowney" or the "Company") reports, further to its press releases dated June 19, 2026, June 25, 2026 and July 3, 2026 on a non-brokered private placement (the “Private Placement”) that two insiders participated in the Private Placement. Andrew Ing, an officer of the Company, and Lena Brommeland, a director and an officer of the Company, subscribed for 300,000 and 2,000,000 Common Shares, respectively, under the Private Placement. Each of the placements to Mr. Ing and Ms. Brommeland is a “related party transaction” within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The issuance to these related parties is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in Section 5.5(b), as the Company’s shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101, in that the fair market value of the consideration of the securities issued to each related party does
not exceed 25% of the Company’s market capitalization.