Rathdowney Resources Ltd. announced a private placement of up to 57,142,857 units at an issue price of CAD 0.035 per unit for aggregate gross proceeds of up to approximately CAD 2,000,000 on July 29, 2021. Each unit is consisting of one common share and one common share purchase warrant. Each warrant can be exercised for a five-year period from the closing date at CAD 0.10 per warrant share. In the event that the closing price of the common shares of the company is at or above CAD 0.12 per share for a period of 10 consecutive trading days during the warrant exercise period, the warrant expiry date shall accelerate to the date that is 60 days after the eligible acceleration date. The securities will be subject to a four month hold period. The transaction is subject to regulatory approval, including approval of the TSX Venture Exchange.