Radisson Mining Resources Inc. (TSX.V: RDS) is pleased to announce that it has raised $1.5 million through a non-brokered private placement. This Offering will be divided into two parts: (i) Quebec flow-through shares worth $0.17 and (ii) charity flow-through shares worth $0.225. The Company is delighted to announce that Michael Gentile, CFA, strategic advisor and board member, and the Company’s management and existing shareholders have committed strongly to participating in the event.
The Company will use the gross proceeds received from the Québec FT Share sale to incur Canadian Exploration Expenses on the O’Brien gold project in Québec, which will be renounced to investors by December 31, 2022, in order to ensure that the total amount of gross proceeds raised is at least as large as the Québec FT Share sale proceeds.
The Offering is set to close on or before December 2, 2022, subject to certain conditions, including but not limited to receiving all required regulatory and other approvals from the TSX Venture Exchange. The securities being offered are not registered under the United States Securities Act of 1933, as amended, and may not be sold or offered for sale in the United States or to, or for the benefit of, U.S. persons unless registered or an exemption from the registration requirements is available. This announcement is not an offer for securities in the United States.