ROUYN-NORANDA, QUEBEC--(Marketwired - Sept. 23, 2015) - Radisson Mining Resources Inc. (TSX VENTURE:RDS) ("Radisson") is pleased to announce that it has closed a private placement of 769,232 units at a price of $0.13 per units for total proceed of $100,000.16 with SODÉMEX II s.e.c. Each Unit consists of one class A share of the share capital of Radisson and one half share purchase warrant ("1/2 Warrant"). Each full Warrant entitles its holder thereof to purchase one class A share at a price of $0.18 until March 22, 2017. In accordance with Canadian securities laws, the securities issued and issuable in the private placement are subject to a four-month hold period expiring on January 23, 2016.
SODÉMEX II s.e.c. is an institutional fund with mission to participate in the development of the Quebec mining industry through investments in junior exploration companies and mining producers in Quebec.
The net proceeds of the offering will be used for exploration and development of the O'Brien project and for general administrative and corporate purposes.
The placement is subject to final acceptance by the TSX Venture Exchange.
About Radisson Mining Resources Inc.
Radisson is a Quebec-based mineral exploration company. The O'Brien project, cut by the regional Larder-Lake-Cadillac Fault, is Radisson's main asset. The former O'Brien Mine, is considered to have been the Abitibi Greenstone Belt's highest-grade gold producer during its production (1,197,147 metric tons at 15.25 g/t Au for 587,121 ounces of gold from 1926 to 1957; InnovExplo, April 2015).
For more information on Radisson, please visit our website at www.radissonmining.com
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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.
Contact Information:
President & CEO
819-277-6578
mbouchard@radissonmining.com