11:40 AM EST - Rathdowney Resources Ltd. : announced it has completed the first tranche of a private placement of approximately 27,840,000 common shares at a price of $0.25 per share for gross proceeds of $6,960,000. The shares are subject to applicable resale restrictions, including a four-month hold under Canadian legislation. Fees of up to 6% are payable on a portion of the financing. Rathdowney Resources Ltd.
shares V.RTH are trading unchanged at $0.32.
