Radisson Keeps Moving Forward with its Development Program for the O'Brien/Kewagama Property and Zone 36 East
27 März 2014 - 1:00PM
Marketwired
Radisson Keeps Moving Forward with its Development Program for the
O'Brien/Kewagama Property and Zone 36 East
ROUYN-NORANDA, QUEBEC--(Marketwired - Mar 27, 2014) - Radisson
Mining Resources Inc. (TSX-VENTURE:RDS) ("Radisson") keeps moving
forward with its development program for the O'Brien/Kewagama
property and Zone 36 East with the on-going metallurgical studies
and is also putting in place the required financement for the next
steps.
To this end, Radisson has completed a private placement for
$300,000 from investors through the issuance of 3,750,000
flow-through shares at a price of $0.08 per share; each of these
3,750,000 shares is accompanied by a half warrant-a whole warrant
entitling its holder to subscribe to one common share at a price of
$0.12 per share for a period of 18 months. A Québec institutional
fund participated for $150,000 in the financing.
As part of this private placement, two directors have purchased
125,000 common shares for a total price of $10,000.
In addition, the Company paid a total of $7,093 in file
assessment fees and commissions for two of the placements.
All shares issued under this placement are subject to a hold
period of four months and one day.
ABOUT RADISSON MINING
RESOURCES:
Radisson is a Québec-based mineral exploration company. The
adjoining O'Brien and Kewagama properties, cut by the regional
Cadillac Break, are Radisson's main asset. They contain the O'Brien
Mine, which is considered to have been the highest grade gold
producer of the Abitibi Greenstone Belt when it was in production
(1,310,356 short tons at 0.448 oz/t from 1925 to 1956; RPA, May
2007). The Company is focusing exploration efforts on Zone 36 East,
located approximately 2,000 feet (610 metres) east of the main
shaft of the old O'Brien mine.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Mario BouchardPresident and CEO(819)
277-6578mbouchard@radissonmining.comDonald Lacasse, Eng.Vice
President, CFO and Secretary-Treasurer(819)
797-0606dlacasse@radissonmining.comwww.radissonmining.com
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