Radisson Announces Closing of Brokered Financing for $25 Million

Executive Summary

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

Key Details

• Offering size: 41,667,000 Class A common shares issued.
• Price per share: $0.60.
• Gross proceeds: $25,000,200.
• Underwriting syndicate: Led by Cormark Securities Inc.; cash commission of $1,500,012 (6 % of gross proceeds).
• Financing exemption: Issued under the listed issuer financing exemption (NI 45‑106 Part 5A) and not subject to a hold period in Canada.
• Use of proceeds: Primarily for exploration activities at the O’Brien Gold Project; remainder for general corporate purposes.
• Regulatory condition: Closing remains subject to final acceptance by the TSX Venture Exchange.
• Access to documents: Offering materials filed on SEDAR+ (www.sedarplus.ca) and company website (www.radissonmining.com).

Notable Quotes

“The net proceeds from this financing will accelerate our exploration program at O’Brien, positioning us for the next phase of development,” – Matt Manson, President & CEO.