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Source: Mining.com
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  • Radisson Mining Resources (RDS) has announced a private placement for gross proceeds of $5M
  • The company will issue Class A shares priced at $0.32, Quebec flow-through Class A shares priced at $0.35 and Quebec Charity flow-through shares priced at $0.45
  • The agents, led by Eight Capital, have been granted an over-allotment option for additional flow-through shares representing up to 15 per cent of the gross proceeds
  • The gross proceeds will be allocated to ongoing work at the historic O’Brien Gold Project in Québec
  • Radisson Mining is a gold mining company
  • Radisson Mining Resources Inc. (RDS) opened trading at C$0.285 per share

Radisson Mining Resources (RDS) has announced a private placement for gross proceeds of $5M.

The company has entered into an agreement with Eight Capital as lead agent and sole bookrunner, on behalf of a syndicate of agents for the sale of Class A shares priced at $0.32, Quebec flow-through Class A shares priced at $0.35 and Quebec Charity flow-through shares priced at $0.45.

The agents have been granted an over-allotment option for additional flow-through shares representing up to 15 per cent of the gross proceeds, exercisable at any time until 48 hours prior to closing.

The gross proceeds will be allocated to ongoing work at the O’Brien Gold Project in Québec.

The offering is scheduled to close on or about December 9, 2021 and is subject to the receipt of all necessary regulatory and TSXV approvals.

Radisson Mining is a gold mining company focused on its 100 per cent owned O’Brien project, located in the Bousquet-Cadillac mining camp in Abitibi, Québec.

Radisson Mining Resources Inc. (RDS) opened trading at C$0.285 per share.

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