By Devika Patel
Knoxville, Tenn., Dec. 21 - Radisson Mining Resources Inc. said it is conducting a non-brokered private placement of shares to raise C$1 million.
The company will sell 2.5 million flow-through common shares at C$0.40 each. Insiders may not buy more than 50% of the shares.
Proceeds will be used for exploration.
Radisson is a mining company based in Rouyn-Noranda, Quebec.
Issuer: | Radisson Mining Resources Inc.
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Issue: | Flow-through common shares
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Amount: | C$1 million
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Shares: | 2.5 million
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Price: | C$0.40
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Warrants: | No
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Agent: | Non-brokered
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Pricing date: | Dec. 21
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Stock symbol: | TSX Venture: RDS
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Stock price: | C$0.27 at close Dec. 20
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