By Laura Lutz
Des Moines, Aug. 23 - Radisson Mining Resources Inc. announced a private placement of shares for C$1.5 million.
The company plans to sell 3,055,556 flow-through class A shares and 1,333,333 non flow-through class A shares to one investor.
The flow-through shares will be priced at C$0.36 each and the non flow-through shares at C$0.30 each.
Desjardins Securities is the agent.
Settlement is expected in the first week of September.
Proceeds will be used for exploration of the company's O'Brien/Kewagama property.
Radisson is a mining company based in Rouyn-Noranda, Quebec.
| Issuer: | Radisson Mining Resources Inc.
|
| Issue: | Flow-through class A shares and non flow-through class A shares
|
| Amount: | C$1.5 million
|
| Agent: | Desjardins Securities
|
| Pricing date: | Aug. 23
|
| Stock symbol: | TSX Venture: RDS
|
| Stock price: | C$0.28 at close Aug. 22
|
|
|
| Flow-through shares
|
| Shares: | 3,055,556
|
| Price: | C$0.36
|
| Warrants: | No
|
|
|
| Non flow-through shares
|
| Shares: | 1,333,333
|
| Price: | C$0.30
|
| Warrants: | No
|
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