Rathdowney closes C$7m private placement to progress permitting of Polish project

TSX-V-listed project developer Rathdowny Resources has closed a C$6.9-million private placement, which will be used to further advance permitting of the company’s flagship Olza zinc/lead/silver project, in Poland. The Vancouver-based junior has also entered an unsecured C$30 000 debenture with an unrelated lender to use for corporate purposes. The debenture bears a coupon of 12% and will mature on February 24, 2019.