Radisson closes $25-million private placement

Executive Summary

• Radisson Mining Resources Inc. closed a bought‑deal private placement, issuing 41,667,000 Class A common shares at C$0.60 per share for gross proceeds of $25,000,200.
• Underwriters received a cash commission of $1,500,012 (6% of gross proceeds).
• Net proceeds will be used to fund continued exploration and advancement of the O’Brien gold project and for general corporate purposes.

Key Details

• Shares Issued: 41,667,000 Class A common shares.
• Price per Share: C$0.60.
• Gross Proceeds: $25,000,200.
• Underwriting Commission: $1,500,012 (6% of gross proceeds) paid to the syndicate led by Cormark Securities Inc.
• Financing Structure: Bought‑deal private placement under a listed issuer financing exemption (NI 45‑106 Part 5A). No hold period in Canada.
• Use of Proceeds: Primarily for continued exploration and development of the O’Brien gold project; remainder for general corporate purposes.
• Regulatory Status: Offering subject to final acceptance by the TSX Venture Exchange; documentation filed on SEDAR+.

Notable Quotes

(No direct quotes were provided in the release.)