| Radisson Announces Closing of a $305,000 Private Placement | |
| | |
|
ROUYN-NORANDA, QUEBEC--(Marketwired - Dec 30, 2014) - Radisson Mining Resources Inc. (TSX VENTURE:RDS) ("Radisson") is pleased to announce that it closed a $305,000 private placement for development of the O'Brien/Kewagama project. In connection with this placement, Radisson issued 1,220,000 flow-through shares at a price of $0.25. These shares are divided among 13 private investors. No cash compensation is linked to the placement and the shares issued are subject to a hold period of four months and one day. Two directors made contribution to the placement for a total amount of $40,000 representing 160,000 flow-through shares. Radisson's management intends to pursue its business plan and use the proceeds of this placement to pursue development of the O'Brien/Kewagama project. Proceeds will be used for the NI 43-101 mineral estimate on the Kewagama property, 3D modeling of both Kewagama and Zone 36 East lenses and PEA already underway for the O'Brien/Kewagama project as a whole. ABOUT RADISSON MINING RESOURCES: Radisson is a Québec-based mineral exploration company. The adjoining O'Brien and Kewagama properties, cut by the regional Cadillac Break, are Radisson's main asset. They contain the O'Brien Mine, which is considered to have been the Abitibi Greenstone Belt's highest grade gold producer when it was in production (1,310,356 short tons at 0.448 oz/t from 1925 to 1956; RPA, May 2007). Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
|
|
|
Radisson Mining Resources Inc
|
|
EXPLORATION STAGE |
CODE : RDS.V |
ISIN : CA76125W5054 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Radisson Mining is a gold exploration company based in Canada. Radisson Mining holds various exploration projects in Canada. Its main exploration properties are KEWAGAMA, POTRACK, RM NICKEL PROJECT, DRYDEN, DOUAY, O'BRIEN, LAC GIGNAC, ESTRADES and MASSICOTTE in Canada. Radisson Mining is listed in Canada. Its market capitalisation is CA$ 24.7 millions as of today (US$ 18.2 millions, € 16.5 millions). Its stock quote reached its highest recent level on December 29, 2004 at CA$ 0.89, and its lowest recent point on December 24, 2008 at CA$ 0.02. Radisson Mining has 107 290 000 shares outstanding. |