Jones, Gable helps fund exploration and development of O’Brien project
By Devika Patel
Knoxville, Tenn., May 15 – Radisson Mining Resources Inc. said it negotiated a C$2 million private placement of units. Jones, Gable & Co. Ltd. is the agent.
The company will sell 15,384,615 units of one common share and one half-share warrant at C$0.13 per unit on a commercially reasonable effort basis.
Each whole 18-month warrant will be exercisable at C$0.18, a 28.57% premium to the May 14 closing share price of C$0.14.
Settlement is expected June 17.
Proceeds will be used for exploration and development of the O’Brien project and general administrative and corporate purposes.
Radisson is a mining company based in Rouyn-Noranda, Quebec.
| Issuer: | Radisson Mining Resources Inc.
|
| Issue: | Units of one common share and one half-share warrant
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| Amount: | C$2 million
|
| Units: | 15,384,615
|
| Price: | C$0.13
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.18
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| Agent: | Jones, Gable & Co. Ltd.
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| Pricing date: | May 15
|
| Settlement date: | June 17
|
| Stock symbol: | TSX Venture: APV
|
| Stock price: | C$0.14 at close May 14
|
| Market capitalization: | C$10.64 million
|
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