Radisson Mining Resources Inc.

Radisson Mining Resources Inc.

December 30, 2014 08:00 ET

Radisson Announces Closing of a $305,000 Private Placement

ROUYN-NORANDA, QUEBEC--(Marketwired - Dec. 30, 2014) - Radisson Mining Resources Inc. (TSX VENTURE:RDS) ("Radisson") is pleased to announce that it closed a $305,000 private placement for development of the O'Brien/Kewagama project.

In connection with this placement, Radisson issued 1,220,000 flow-through shares at a price of $0.25. These shares are divided among 13 private investors. No cash compensation is linked to the placement and the shares issued are subject to a hold period of four months and one day.

Two directors made contribution to the placement for a total amount of $40,000 representing 160,000 flow-through shares.

Radisson's management intends to pursue its business plan and use the proceeds of this placement to pursue development of the O'Brien/Kewagama project. Proceeds will be used for the NI 43-101 mineral estimate on the Kewagama property, 3D modeling of both Kewagama and Zone 36 East lenses and PEA already underway for the O'Brien/Kewagama project as a whole.


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 Abitibi Greenstone Belt's highest grade gold producer when it was in production (1,310,356 short tons at 0.448 oz/t from 1925 to 1956; RPA, May 2007).

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.

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