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Radisson Mining (TSXV: RDS) Announces Private Placement

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Radisson Mining, symbol RDS on the TSX Venture Exchange, announced a private placement. The offering of up to 15.4 million units is priced at $0.13 per unit for gross proceeds of up to $2 million. Each unit consists of 1 share and one half a warrant, with each full warrant exercisable at $0.18 for 18 months.

Additional Information:

Company: Radisson Mining
Website: http://www.radissonmining.com/
Stock Symbol: TSXV: RDS
Date Published: May 20, 2015
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Radisson Mining, symbol RDS on the TSX Venture Exchange, announced a private placement.The offering of up to 15.4 million units is priced at $0.13 per unit for gross proceeds of up to $2 million. Each unit consists of 1 share and one half a warrant, with each full warrant exercisable at $0.18 for 18 months.

The company has engaged Jones Gable & Company to assist with the fund raising on a best efforts basis.

Quebec-based Radisson is involved in the acquisition, exploration and development of mining properties in the province of Quebec, specifically in the region of Abitibi and Saguenay Lac St-Jean.

Radisson’s main asset, the O’Brien Mine property, comprises 617 hectares in the western part of Cadillac Township, Quebec, in the heart of the Abitibi gold belt.

This property contains the former O’Brien Mine, the highest grade and the most important gold producer in the Cadillac mining camp in Quebec when it was producing from the early 1930s to the mid-1950s.

The company recently completed an update of the mineral resources estimate for its wholly owned O’Brien gold project.

This resulted in a 13% increase of the indicated resources, for a total of 118,800 ounces gold and a 181% increase of the inferred resources, for a total of 188,500 ounces gold.

The Lac Gouin SSO property, acquired for its Phosphate potential, is located 65 kilometers South South-East of the Lac à Paul project owned by Arianne Phosphate.

Radisson intends to use the net proceeds for exploration and development of the O’Brien project and for general working capital.

The shares are currently trading at $0.12, and with 82.8 million shares outstanding, the company is capitalized at $9.9 million.

For more information on the company, please visit their website www.radissonmining.com or contact Mario Bouchard, President & CEO at 819-277-6578 or email mbouchard@radissonmining.com.

I’m Samantha Deutscher for Investmentpitch Media
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