Radisson Mining arranges $20-million financing

Executive Summary

• Radisson Mining Resources Inc. announced a bought‑deal private placement of 33,333,500 Class A common shares at C$0.60 per share for gross proceeds of approximately C$20 million.
• Underwriters have an option to increase the offering by up to an additional C$3 million on the same terms.
• Net proceeds will be used to fund continued exploration and advancement of the O’Brien gold project and for general corporate purposes.

Key Details

• Offering size: 33,333,500 Class A common shares
• Price per share: C$0.60 (offered)
• Gross proceeds: C$20,000,100
• Underwriter option: Up to an additional C$3,000,015 of shares may be issued if the underwriters exercise their option at least 48 hours before closing.
• Lead underwriter / bookrunner: Cormark Securities Inc. (sole bookrunner) with a syndicate of underwriters.
• Closing date: Expected on or about October 7, 2025 (or earlier/later by mutual agreement).
• Use of proceeds:
• Continuing exploration and advancement of the O’Brien gold project (primary purpose).
• General corporate purposes.
• Regulatory framework:
• Offered under the listed‑issuer financing exemption (NI 45‑106 Part 5A) to Canadian residents.
• Also offered in the United States under applicable exemptions from the U.S. Securities Act of 1933 and in other jurisdictions where no prospectus filing is required.
• Holding period: Shares sold to Canadian investors under the listed‑issuer financing exemption are not subject to a hold period.
• Qualified person disclaimer: Scientific/technical disclosure prepared under the supervision of Richard Nieminen, P.Geo., qualified person per NI 43‑101.

Notable Quotes

(No executive quotes were included in the release.)