Rathdowney Resources Ltd. (TSXV:RTH) announced a non-brokered private placement of up to 26,315,790 units at CAD 0.19 per unit for gross proceeds of CAD 5,000,000 on January 11, 2017. Each unit will comprise of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at CAD 0.24 per share for a period of two years. The securities to be issued are subject to a hold period of four months. The transaction is subject to regulatory approval including approval of TSX Venture Exchange.