Radisson Announces $20 Million Bought Deal Financing

• On May 5, 2026, Radisson Mining Resources announced a bought deal private placement of 14,493,000 flow-through shares at $1.38 per share.
• Gross proceeds are approximately C$20 million with an over-allotment option to reach C$23 million.
• Proceeds are designated for the exploration and development of the O'Brien Gold Project, specifically deep drilling programs.
• Underwriters (ATB Cormark Capital Markets) receive a 6% cash commission payable from existing cash on hand.
• Closing is expected on or about May 28, 2026.

• Financing Premium: The offering price of $1.38 represents a significant premium (approx. 27%) over the closing market price of $1.09 on the day of announcement. This is atypical for equity financings which are usually priced at a discount, suggesting strong institutional demand or tax-advantaged flow-through share appeal.
• Capital Needs: The company raised C$37 million in 2025 (Dec 30 news) and closed a $25 million financing in Oct 2025. Raising another $20 million within six months indicates high capital intensity for the 140,000-metre drill program.
• Dilution: While the premium pricing mitigates some dilution concerns compared to a discount offering, issuing ~14.5 million shares will still increase the share count significantly (estimated total float ~83-90 million shares based on prior issuances).
• Project Validation: The financing validates the ongoing 140,000-metre step-out program which has yielded consistent high-grade results (79% success rate per April 2026 news). It ensures funding continuity for the deep drilling initiative targeting a 2-kilometre depth floor.
• Conclusion: The news is Routine - Positive. Financing is expected given the aggressive exploration budget, but the premium pricing and successful execution of previous rounds support the company's ability to raise capital at favorable terms relative to its valuation growth.

• Company: Radisson Mining Resources Inc. is a gold exploration company focused on the O'Brien Gold Project in Quebec, Canada.
• Flagship Project: 100%-owned O'Brien Gold Project located in the Abitibi region.
• Development Stage: Advanced exploration with a Preliminary Economic Assessment (PEA) completed in July 2025 showing an after-tax NPV of C$532 million.
• Resource Base: As of March 2026 MRE update, Indicated resources are 0.63 Moz Au and Inferred resources are 1.69 Moz Au.
• Strategy: Focus on deep step-out drilling to expand the resource envelope beyond historic mine workings (targeting 2km depth).